At the 2026 FANAF General Assembly in Abidjan, Franck Olivier Diagou, CEO of NSIA Asset Management, officially unveiled the firm’s plans to broaden its footprint within the West African Economic and Monetary Union (UEMOA).
With over 230 billion CFA francs in assets under management, the company is set to open new offices in Togo and Mali by the end of the year. This move transitions these markets from being managed remotely—via offices in Benin and Senegal—to a localized presence that promises tailored financial services.
The expansion will make NSIA Asset Management the only firm in the sub-region with a direct physical presence in five countries. During the industry meeting, Diagou addressed the “technical result shortfall” currently impacting the insurance sector, suggesting that the primary solution lies in optimizing financial performance. He urged insurers to diversify their portfolios through Mutual Funds (FCPs), noting that well-managed funds often offer returns superior to traditional investment options due to active management and specialized Investment Councils.
To serve a wide range of risk profiles, the firm provides ten distinct Mutual Funds. These include sovereign bonds, equity funds, money market funds, and diversified options. Portfolio manager Bachir Toure specifically noted the strong 2025 performance of the “Tawfir Halal” fund, which operates in accordance with Sharia principles. Meanwhile, Ndeye Penda Diop Sourang, Director of the Senegal office, highlighted that equity mutual funds provide investors with a strategic gateway to all securities listed on the Regional Stock Exchange (BRVM).
Through its growing geographic network and digital tools like the NSI Invest mobile app, NSIA Asset Management aims to make investing more accessible to the youth and the middle class. By enabling subscriptions via mobile money for small amounts, the firm is working to redirect African savings toward the real economy. This expansion reaffirms NSIA’s position as a dominant force in West African asset management, focused on turning regional financial surpluses into a sustainable engine for growth.
AP/fss/abj/APA