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United Capital Infrastructure Fund Disburses Over N1.98 billion in Dividends to Unitholders

United Capital Infrastructure Fund

United Capital Infrastructure Fund (UCIF), the infrastructure fund of leading Pan-African financial services group, United Capital Plc, is pleased to announce a total dividend distribution of N1.98 billion to its unitholders, for the year ended 2024.


In accordance with its bi-annual distribution structure, the Fund paid an interim distribution of N769 million for the first half of 2024. This was followed by a distribution of N1.21 billion for the second half, bringing the total distribution to unitholders for the full year to N1.98 billion. These payments, comprising both accrued principal and interest, reflect the Fund’s unwavering commitment to delivering exceptional value to its unitholders while advancing impactful infrastructure financing initiatives across key sectors.

Speaking on this milestone, UcheNna Mkparu, Chief Investment Officer and Fund Manager at UCIF, said:


“UCIF’s performance underscores our adherence to good governance principles and compliance with the Fund’s investment policy. We’re committed to delivering robust returns while actively contributing to the growth of critical sectors of the economy. Looking ahead, we aim to continue to deliver superior performance, and prioritize high-impact investments, that are profitable for our investors and foster sustainable development in Nigeria and Africa.”


UCIF achieved a gross return of 23.08% for the year, with revenues growing by 150% from N 791 million in 2023 to N 1.9 billion for the year-ended 2024.  This impressive growth affirms that the Fund is a profitable investment delivering attractive returns, whilst exposing investors to financing high-impact, value-adding infrastructure investments in strategic sectors of the economy.


UCIF continues to support critical sectors such as recycling, power, renewable energy, agriculture and telecoms, towards fostering sustainable development across Nigeria and Africa.

JOSEPH ONYEMA

Head, Group Enterprise Performance Management
Joseph Onyema
Joseph is the Head, Group Enterprise Performance Management at United Capital Plc.
Over the last 16 years, Joseph has worked with and led teams whose responsibilities cut across a major spectrum of technology transformational and retail growth projects and consultancy. Joining the group in 2017, Joseph started out leading the technology team for 5+ years in the position of the Group, Chief Information Officer, a role in which his focus on execution to reposition the business was exemplary, hence leading to increased digital presence, retail growth and improved revenues, with keen focus on our growth during the COVID-19 pandemic where the business was run totally virtual and saw outstanding growth in customers, revenue and profitability.​
Leveraging on his education, performance, experience and spirit of execution, Joseph transitioned to the Group Head, Enterprise Performance Management, where he brings his analytical and technological prowess coupled with his background in managing teams and businesses to bare in monitoring and tracking business units and employees performances, while helping them to improve in their performance and ensuring the group continues to win in all its endeavours.
Before joining United Capital, Joseph headed the Group Technology Operations at Cordros Capital Limited where he transitioned the business from a High Net-worth Individual (HNI) focused business to retail-focused business with total leverage on technology to drive B2C sales across verticals while exploring new markets and partnerships. Prior to Cordros Capital, he had led the Enterprise & Cloud Services team at Soft Solutions Limited, an IT Consultancy firm with a footprint across 15 Nigerian banks on enterprise security, cloud projects, and consultancy where he developed, deployed, and led support teams to manage several financial and FMCG application suites.
A Tony Elumelu entrepreneur from 2016 before joining the group, and a member of the prestigious Beta Gamma Sigma international business honor society, continues to reinvent himself and deliver exceptionally to the United Capital family.