Heir Holdings Commits To Transforming Nigeria, Africa’s Economy

In celebrating its 14th anniversary, Heir Holdings has restated its commitment to Nigeria and Africa economic growth.

Speaking at Heirs Holdings’ 14th anniversary Media Parley held yesterday in Lagos, the Group chairman, Heir Holdings, Tony Elumelu stated that “in 2010, we set out with a bold vision to actively invest long term in Africa’s key strategic sectors to unlock Africa’s full potential.”

“Through the Group’s relentless dedication and resilience, it has demonstrated that an African institution can consistently generate long-term value, while leaving a legacy of success across Africa’s most vital sectors.”

He noted that “our journey has been defined by unwavering tenacity, enabling us to seize opportunities and uphold our vision and principles. Most importantly, our efforts have fostered significant social impact, improving the lives of millions and driving inclusion within communities. For us in our Group, it is about three vision, execution, enterprise and excellence.”

The Group CEO of Transnational Corporation Plc, Owen Omogiafo said that “Transcorp Group is one Heir Holdings’ subsidiaries and through our investment in power, we are driving the energy sector by recognising that power is critical to the economic transformation of not just Nigeria, but the entire world.”

She said that “as at today, we account for about 15 per cent of Nigeria’s power generation. With our investment in distribution, we actually cover a landscape of over 130,000 square kilometres. We have two power companies. Transcorp Power and Transafem Power which are direct investments; and we have an indirect investment in Abuja Electric Distribution.

“Our hospitality business is a leader in the hospitality sector of the country.”

Also, group CEO of United Capital, Peter Ashade said that the Company has created value to its shareholders and also contributed to the growth of the financial ecosystem.

Also, CEO of Avon HMO, Adesimbo Ukiri stated “we are contributing to the growth of the Healthcare sector in the country with our HMO facilities. We have impacted about 500,000 Nigerians through the services we provide at the hospitals and also to the health plans that we provide.

We have health plans at the HMO that cater for all classes of people. We have paid hospital claims of over N38 billion.”

The CEO of the Tony Elumelu Foundation (TEF), Omachi Chris-Asoluka added that “our philanthropy has invested $100 million into the lives of 20,000 young African entrepreneurs, who have created 400,000 jobs on the continent and created networks and opportunities for many more.”

The group stated that “most recently, our financial services Group received a major boost to our pan-African expansion strategy by securing a licence to operate as an Asset Manager with coverage in the West African Economic and Monetary Union (WAEMU) regional bloc covering the Republic of Benin, Burkina Faso, Côte D’Ivoire, Guinea-Bissau, Mali, Nger, Senegal and Togo.”

Heirs Holdings is a family-owned investment company, dedicated to improving lives and transforming Africa, through a deep commitment to invest in the continent’s future. Its diverse investment portfolio spans the power, energy, financial services, hospitality, real estate, technology, and healthcare sectors, with operations in 24 countries worldwide.