United Capital Secures Investment Banking Licences in Ethiopia, Rwanda, Deepens Pan-African Expansion
Sunday EhigiatorUnited Capital PLC has secured investment banking licences in Ethiopia and Rwanda, marking a major milestone in its African expansion strategy and positioning the Nigerian financial services group as the first foreign institution licensed to provide full-scale investment banking services in Ethiopia.The approvals allow the group to operate across financial advisory, securities brokerage, and portfolio management services, while also establishing a formal operational presence in both markets.
The development strengthens the company’s ambition to deepen capital market participation and expand access to investment solutions across the continent.Speaking in an interview following the announcement, Group Chief Executive Officer of United Capital, Peter Ashade, described the achievement as both a corporate breakthrough and a reflection of Africa’s evolving financial landscape.“It is indeed a whole lot worth celebrating, not just for us at United Capital, but for the entire Federal Republic of Nigeria. Because when a Nigerian institution becomes the first foreign firm to enter a market like Ethiopia in investment banking, it is a statement about what Nigeria can export in terms of capacity and professionalism.”
