January 18, (THEWILL) — In a bid to reposition for infrastructure opportunities in Nigeria and across Africa, the Board of Directors of United Capital Plc has announced the appointments of four highly experienced, infrastructure investment experts as independent members of the investment Committee of the United Capital Infrastructure Fund (UCIF).
With investments in power, industrial recycling and renewable energy, UCIF continues to deliver superior results, achieving a year-to-date gross return of 24.62%. The appointments have been confirmed following the ratification and clearance by the Securities and Exchange Commission.
Commenting on the announcement, Mr Peter Ashade, the Group Chief Executive Officer of United Capital Plc, said:
“These appointments were made to further deepen the Fund’s governance and ensure that UCIF continues to drive sustainable impact through its investments. I welcome the newly appointed members of the Investment Committee and charge them to ensure sustainable growth and impact, while delivering consistent value to our investors.”
The appointees bring fresh perspectives, multinational exposure, and decades of multi-sector experience across infrastructure and investments. The appointees are:
De Buys Scott appointed as Chairman. Other independent members are Olubunmi Akinremi, Bola Bamidele and Obinna Ufudo.
They join other members of the Investment Committee who are Odiri Oginni, UcheNna Mkparu and Adeyinka Jafojo. Mr Samuel Nwanze has exited the Investment Committee, following the completion of his tenure. United Capital Group expresses its profound gratitude to Samuel Nwanze for the wealth of his insights and contributions to rigorous investing processes during his tenure.
Also commenting on the announcement, UcheNna Mkparu, Chief Investment Officer and Fund Manager at UCIF, said:
“We are delighted to welcome the new members to the Investment Committee and would be counting on their track record, wealth of experience across multiple jurisdictions and impeccable professional reputations to steer UCIF’s strategic direction as we scale investments that deliver competitive returns across Nigeria and Africa.”
THEWILL reports that United Capital Plc, was named one of Africa’s Fastest-Growing Companies, marking its fourth consecutive appearance on the prestigious Financial Times and Statista ranking.
The 2025 edition of the report, which benchmarks top-performing companies across the continent, tracked growth metrics between 2020 and 2023.
Despite macroeconomic headwinds, including currency fluctuations and shifting market conditions, United Capital achieved an Absolute Growth Rate (AGR) of 256.5 percent and a Compound Annual Growth Rate (CAGR) of 52.8 percent . The Group also reported $72.25 million in revenue, emerging as the top-ranked capital market operator among four Nigerian companies featured, and standing out among financial services companies in the continent, which accounted for nearly one-fifth of the total list.
Sam Diala is a Bloomberg Certified Financial Journalist with over a decade of experience in reporting Business and Economy. He is Business Editor at THEWILL Newspaper, and believes that work, not wishes, creates wealth.
