United Capital Expands Operations to Ethiopia and Rwanda

United Capital has announced its expansion into Ethiopia and Rwanda, enhancing its operational footprint to 12 countries across West, East, and Central Africa, including its home market of Nigeria. The Ethiopian Capital Market Authority (ECMA) granted United Capital a license to offer financial advisory services, securities brokerage, and portfolio management, following a rigorous regulatory review involving multiple government institutions.

This move aligns with Ethiopia's emerging capital market ecosystem, which is undergoing significant economic reforms under Prime Minister Abiy Ahmed. Concurrently, United Capital secured regulatory clearance from the Capital Market Authority of Rwanda (CMA) to provide trust services, investment banking, and portfolio management, solidifying its presence in the East and Central African trade corridor.

Peter Ashad, Group Chief Executive Officer of United Capital, described the expansion as a watershed moment for intra-African corporate diplomacy and economic integration. Ejikem Okoli, Director of Africa at United Capital, emphasized the group's focus on leveraging its financial experience to mobilize investments that support regional enterprise growth.