Nigeria’s United Capital is preparing to expand into East Africa after deepening its footprint across Francophone West Africa, with Rwanda emerging as the next target in the group’s pan-African growth strategy, according to Shore Africa, a pan African digital platform.
The move would make Rwanda the tenth African market in which the financial services group operates, strengthening its ambition to become one of the continent’s leading investment and asset management institutions.
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The Lagos-based investment banking and financial services firm is building on the momentum from its entry into the West African Economic and Monetary Union (UEMOA) zone in 2025, a strategic move that extended its reach across eight Francophone countries and broadened its access to regional investors and capital markets.
United Capital’s latest expansion plans come amid strong earnings growth, rising assets under management and a successful recapitalisation programme that has strengthened its balance sheet ahead of
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