Generated by Rank Math SEO, this is an llms.txt file designed to help LLMs better understand and index this website.

# Heirs Holdings

## Sitemaps
- [XML Sitemap](https://www.heirsholdings.com/sitemap_index.xml): Includes all crawlable and indexable pages.

## Pages
- [FAQs](https://www.heirsholdings.com/faqs/): Heirs Holdings is a private, family-owned investment company founded and chaired by Tony O. Elumelu, CFR. 
- [Chairman’s Corner](https://www.heirsholdings.com/chairmans-corner/): Chairman's Corner Articles | Speeches | Thought Leadership Tony Elumelu, The Inventor Of Africapitalism: “We Lifted 2 Million People Out Of Poverty.” Read More » April 23, 2026 Tony Elumelu’s Keynote Remarks at the Abuja Business & Investment Summit & EXPO 2025 Read More » October 23, 2025 Heirs Holdings Founder and Group Chairman Champions Africapitalism as the Key to Africa’s Development Read More » October 15, 2025 Heirs Energies: An African Champion Read More » September 4, 2025 Tony Elumelu’s Keynote Address at the 2025 African Caucus Meeting Read More » August 1, 2025 Africa and Tech Innovation on the Global Stage Read More » June 13, 2025 Looking Towards an African Century Read More » March 14, 2025 All Media
- [Stacking Cards with Manual Items as the Source](https://www.heirsholdings.com/stacking-cards-with-manual-items-as-the-source/): Innovate and integrate with customer-focused sustainable growth.
- [Podcasts](https://www.heirsholdings.com/podcasts/): Podcasts PODCASTS HH Impact Spaces: Tech in Africa Listen Here » October 4, 2024 HH Impact Spaces: Navigating Growth in Nigeria’s Insurance Sector Listen Here » November 21, 2023 HH Impact Spaces: Unlocking the Potential of Nigeria’s Gas Industry Listen Here » May 26, 2023 HH Impact Spaces: The Future of a Self-Sustaining Power Market Listen Here » March 30, 2023 HH Impact Spaces: Behind the Scenes with The Tony Elumelu Foundation Listen Here » March 5, 2023 All Media
- [Home](https://www.heirsholdings.com/): July 24, 2026
- [Sustainability](https://www.heirsholdings.com/sustainability/): As Africans, we see and feel the impact of climate change every day. As a business committed to improving lives and transforming Africa, we take pride in proactively creating value that will leave a lasting legacy, reshaping our communities, our environment and our planet with sustainability as one of the core values driving our businesses.
- [HH at ten](https://www.heirsholdings.com/hh-at-ten/): HH at 10 Click Here for HH at 15 2010 2011 2012 2013 2014 2015 2016 2017 2018 2019 2020 2010 •  On completing his ten-year term as CEO of the United Bank for Africa (UBA), Tony O. Elumelu announces the creation of Heirs Holdings (HH) and the Tony Elumelu Foundation (TEF), to drive investment in strategic sectors and champion entrepreneurship across Africa.https://www.heirsholdings.com/wp-content/uploads/2021/05/10_years-1-1.mp4 2011 •  Heirs Holdings identifies its first strategic investment opportunity, acquiring a controlling stake in Transcorp, Nigeria’s largest listed conglomerate.• Transcorp, despite an attractive portfolio spanning the Nigerian economy, including the iconic Transcorp Hilton Hotel in Abuja, and a loyal shareholder base of over 300,000, had serially underperformed. Benefiting from HH’s operational skills and turn around expertise, Transcorp would blossom as a platform to execute investments in energy, hospitality, and agriculture. •  The Tony Elumelu Foundation launches the Tony & Awele Elumelu Prize, an award that recognised and rewarded 130 students from 16 universities across Nigeria and three other West African universities.
• The Tony Elumelu Foundation launches the Elumelu Professionals Programme (initially known as African Markets Internship Programme), an internship programme that matched 87 MBA students and graduates from top business schools in Africa, Europe and Asia to African businesses, with peer African MBA students for internships with fast growing African companies, demonstrating the private sector opportunities in Africa.•  Tony O. Elumelu first introduces the term "Africapitalism", his belief that Africa’s private sector can and must play a leading role in the continent’s development, seeking both economic and social returns.• Heirs Holdings and The Tony Elumelu Foundation made their first joint impact investment outside Nigeria – Mtanga Farms in Tanzania, a business developing innovative approaches to increasing African agricultural yields.• Tony O. Elumelu first introduces the term “Africapitalism”, his belief that Africa’s private sector can and must play a leading role in the continent’s development, seeking both economic and social returns.• The Tony Elumelu Foundation launches the Elumelu Professionals Programme (initially known as African Markets Internship Programme), an internship programme that matched 87 MBA students and graduates from leading business schools in Africa, Europe and Asia to African businesses, with peer African MBA students for internships, with fast growing African companies, demonstrating the private sector opportunities in Africa. 2012 • Heirs Holdings makes further investments in the real estate and financial sectors: Afriland Properties Plc, a property management, investment and development company; United Capital Plc, a financial and investment services group; and Africa Prudential Registrar Plc, a leading share registration service provider.• The Tony Elumelu Foundation empowers 20 tech businesses with US $100,000 seed funding through Nigerian accelerator, CCHub Nigeria.• The Tony Elumelu Foundation launches the ‘Blair-Elumelu Governance Initiative’, in partnership with the Tony Blair Africa Governance Initiative (AGI), a dedicated programme of skill building for senior civil servants, focusing on adopting private sector approaches to deliver for the public good.• Transcorp Ughelli Power is named as the preferred bidder for Ughelli Power Plc, the largest electric power plant in Nigeria, under the privatisation programme of the Federal Government of Nigeria.• Heirs Holdings invests in 51% of Seadrill Nigeria Limited, a deep-water drilling contractor for the petroleum industry, furthering the strategic intent of identifying opportunities across the oil and gas value chain.• Heirs Holdings co-founds AFEX Commodities Exchange in partnership with Nicolas Berggruen’s, Berggruen Holdings, with the objective of bringing commodity value creation and deeper financial markets to the African continent.• Illustrating our global ambitions, Heirs Holdings invests in Planet Labs, a Silicon-Valley based, earth imaging company.• Heirs Holdings founds Avon Healthcare Limited (Avon HMO), a healthcare management organisation, to rapidly expand the provision of high-quality medical services to a much broader demographic.•  Heirs Holdings invests in and becomes the second largest shareholder in NASD OTC, creating an over-the-counter trading facility, to act as a platform for small company growth. 2013 • Transcorp Ughelli Power acquires 100% ownership and management of Ughelli Power Plc, with 972MW installed capacity, but actual production of only 160MW.• Africa Prudential acquires UAC Registrars Limited, the largest conglomerate registrar in Nigeria.• The AFEX commodities exchange business partners with the Rwandan government and launches the first commodity Exchange in Rwanda – EAX (East Africa Exchange), bringing commodity transactions closer to producers.• GIIN (The Global Impact Investing Network) appoints Heirs Holdings to its board, as the first African board member.• Africa Prudential is granted the prestigious International Quality Crown Award in the UK, in recognition of its commitment to quality, leadership and innovation. 2014 • Transcorp is awarded ‘The Most Compliant Listed Firm Award’ by the Nigerian Stock Exchange.• Within a year of acquisition, Transcorp Power delivers a 306% increase in the available capacity of Transcorp Power Plant (from 160MW to 610MW), contributing 13% of power generation to the Nigerian national grid.• Tenoil, HH’s oil and gas company, successfully drills its first oil well, confirming significant amounts of commercial hydrocarbons.• Transcorp Hilton Abuja hosts the first-ever World Economic Forum in Nigeria.• Transcorp Hotels lists on the Nigerian Stock Exchange.• Tony O. Elumelu appointed the Chairman of the UBA (United Bank for Africa Plc) Group Board.• Avon Medical Practice expands hospital operations to 2 further states in Nigeria: Delta State and Abuja, the Federal Capital Territory. 2015 • The Tony Elumelu Foundation launches its flagship Entrepreneurship Programme committing US $100 million to identify, train, mentor and fund 10,000 African entrepreneurs over 10 years, across 54 African countries.• The Tony Elumelu Foundation (TEF) held its first Forum, the largest gathering of African entrepreneurs and the entrepreneurship community across Africa.• In a landmark transaction, United Capital raises $250 million fresh capital for Orion Group, in one of the largest syndicated transactions structured by an African investment banking institution in 2015. 2016 • United Capital leads a N9 Billion Bond Issuance for Forte Oil Plc: the first bond issued by an entity in the Nigerian downstream oil and gas sector.• Avon HMO becomes the first health management organisation in Nigeria to offer online subscriptions to the general public. 2017 • Transcorp Power commissions a gas turbine (Gas Turbine 15) with additional 115MW capacity, thereby increasing the available capacity to 620MW.• The Tony Elumelu Foundation partners with the International Committee of the Red Cross (ICRC) to empower 200 entrepreneurs from Nigeria’s Northeast and Niger Delta communities. 2018 • Heirs Holdings appoints Emmanuel Nnorom (ENN), FCA, as its first Group Chief Executive Officer, demonstrating a commitment to structured corporate governance and business longevity.• Within four years of acquisition, Transcorp Power surpasses the five-year performance target of 670MW available capacity set by the Bureau of Public Enterprises.https://www.heirsholdings.com/wp-content/uploads/2021/03/2018_3.mp4 • Transcorp Hotels completes a US $100 million upgrade of the iconic Transcorp Hilton Abuja.• Transcorp Hotels wins the Corporate Governance Awards in the Institute of Directors Annual Directors Award.• Transcorp Hilton Abuja wins the Luxury City Hotel in the 2018 World Luxury Awards.• The Tony Elumelu Foundation (TEF), partners with Deutsche Gesellschaft für Internationale Zusammenarbeit (GIZ) GmbH, the German Government’s Agency for International Cooperation, to empower 210 young African entrepreneurs, focusing specifically on female entrepreneurs and tech-enabled businesses.• Avon Medical Practice launches an ultra-modern dialysis centre in Lagos, Nigeria.• Transcorp Hilton Abuja’s Restaurants; Zuma Grill and Oriental Restaurant awarded the 2018 Country Winner (Nigeria) Fine Dining Cuisine and 2018 Regional Winner (West & Central Africa), Asian Cuisine respectively in the World Luxury Restaurants Awards. 2019 • Heirs Holdings wins the Great Place to Work awards for the ‘Best in Leadership’ Category.• Transcorp Hotels fulfils post-privatisation obligations and received a discharge certificate from the government exempting the company from further post-privatisation monitoring by the National Council on Privatisation.• Transcorp Hilton Abuja receives the Signum Virtutis (Seal of Excellence) Seven stars for four years consecutively, and the Seven Star Business Hotel (Africa Special) from the Seven Stars Luxury Hospitality and Lifestyle Awards.• Transcorp Hilton Abuja wins the World Travel Awards for five consecutive years in five categories, including the award for Africa’s Leading Business Hotel.• Transcorp Hilton Abuja wins the Luxury City Hotel in the 2018 World Luxury Awards. https://youtu.be/LATatTLrnMU• The United Nations Development Programme (UNDP) signs a ground-breaking partnership with the Tony Elumelu Foundation in Niamey, Niger to empower 100,000 additional entrepreneurs in rural, underserved communities across the continent over 10 years.• The Tony Elumelu Foundation enters a US $5million partnership agreement with the African Development Bank, to empower 1,000 young entrepreneurs in Africa with training, mentorship and funding.• Heirs Holdings Chairman, Tony O. Elumelu receives the National Productivity Order of Merit Award (NPOM), the highest recognition of merit in Nigeria.• The Tony Elumelu Foundation receives the YouWIN! Connect Award of Excellence at the first edition of the YouWIN! Connect Enterprise Education Book and Awards, an initiative by the Federal Government of Nigeria to empower young Nigerian entrepreneurs. 2020 • Afriland Properties commissions Afriland Towers, a world-class 8-floor office complex situated in the commercial district of Lagos Island, Nigeria.• United Bank of Africa (UBA) donates $14 million to help fight COVID-19 across Africa.• Africa Prudential joins the league of Value-Added Service providers on the Nigerian Stock Exchange Growth Board.• Heirs Insurance Limited and Heirs Life Assurance Limited, HH’s vehicles to revolutionise the Nigerian insurance sector are authorised, following six years of regulatory process – a testament to HHs resilience.• Avon Medical launches its telemedicine platform.• HH, through portfolio company Heirs Energies LINK successfully acquires OML17 from Shell, TOTAL and ENI in the largest oil and gas transaction in Africa for the year 2020. OML 17 has a 2P gross reserve of 1.2 billion barrels of oil equivalent. The acquisition further fulfils HH’s strategy of investing across the resource value chain, creating integration and value creation on the African continent. The transaction represents a further significant step in HH’s ambition to create Africa’s largest integrated energy company. 2021 • Afriland Properties commissions the 7-storey Heirs Towers in Victoria Island, Lagos, an architectural marvel that enhanced the Lagos skyline showcasing Afriland Properties’ prowess in real estate development. 2022 • Project Finance International (PFI) magazine awards Heirs Energies (formerly Heirs Oil & Gas) ‘Africa Deal of the Year 2021’, following Heirs Energies $1.1 billion financing and acquisition of a 45% stake in OML 17 in January 2021.• United Bank for Africa (UBA) launches its branch at the Dubai International Financial Centre (DIFC) to facilitate trade finance and investment transactions between the Middle East and Africa.• Transcorp rebrands and changes its name from Transnational Corporation of Nigeria Plc to “TRANSNATIONAL CORPORATION PLC”.• Heirs Holdings introduces Heirs Academy, a platform designed to foster employee development and career progression, launching its Graduate Trainee Programme with a cohort of 60 graduates out of 18,000 applications submitted. • Transafam Power commissions and restores Afam Power GT20, a 138MW unit, to the national grid after being dormant for 15 years.• Tenoil commences crude oil production from its ATA-6 well via the Early Production Facility and achieved its first cargo transfer of 18,764 bbls• The Tony Elumelu Foundation (TEF) takes its advocacy to Washington D.C. for President Joe Biden’s US-Africa Leaders’ Summit, co-hosting the opening reception in partnership with the U.S. Department of State.• Transcorp Hotels wins numerous accolades, including the Pearl Awards’ Sectorial Leadership Award in Services and the Most Outstanding Hospitality Brand of the Year in 2022.• Transcorp Hilton Abuja wins five prestigious awards at the World Travel Awards. 2023 • Avon HMO celebrates ten years of operating within the Nigerian health sector, serving over 230,000 lives through partnerships with 2,500 hospitals globally.• Transcorp Power becomes the first power generation company to fulfill all privatisation obligations and receive a discharge certificate from the Federal Government of Nigeria.• Transafam Power commissions the Afam III Fast Power’s TM2500 Fast Power Plant adding 240MW to the grid, elevating its installed capacity to 966MW, enough to electrify two million homes.• Heirs General Insurance, Heirs Life and Heirs Insurance Brokers consolidate into Heirs Insurance Group and launched Nigeria's first digital experience center at the Transcorp Hilton Abuja. In 3 years, the Group’s Gross Written Premium (GWP) reached ₦7 billion; Earned Insurance Revenue reached ₦20.5 billion; and claims disbursement reached ₦4.1 billion.• Transcorp Power is appointed to the Executive Board of the West African Power Pool (WAPP) having been a member since 2019. Transafam Power is officially inducted as a member of WAPP.• The Tony Elumelu Foundation (TEF) launches its Impact Report, titled "The Tony Elumelu Foundation Entrepreneurship Programme: A Decade of Impact," during a session co-hosted with UNICEF Generation Unlimited (GenU), UNDP, and the IKEA Foundation, on the sidelines of the 78th United Nations General Assembly (UNGA78) in New York.• Transcorp purchases a 60% stake in the Abuja Electronic Distribution Company (AEDC), thereby consolidating its hold in Nigeria's power value chain and powering an additional 1.125 million registered customers across the Federal Capital Territory (FCT), Niger State, Kogi State, and Nasarawa State.• Africa Prudential graduates 27 software engineers from its i-Academy tech-education initiative.• Transcorp Hilton Abuja wins five prestigious awards at the World Travel Awards. 2024 • United Bank for Africa (UBA) and Transcorp Hotels join the niche of Stocks Worth Over One Trillion (SWOOT) on the Nigerian Exchange (NGX).• United Capital acts as the Lead Issuing House and Coordinator on the successful issuance of the maiden FGN Domestic US Dollar Bond, raising over US$900 million - surpassing the initial issuance target of US$500 million and achieving over 180% subscription level.• Transcorp Power lists on the main board of the Nigerian Exchange in at a valuation of $1.1 billion (N1.8 trillion), an $800m added value in just 10 years.• Heirs Holdings launches a new technology subsidiary, Heirs Technologies, to empower businesses by providing IT consulting, managed services, and business process outsourcing.• United Capital launches its fifth subsidiary, UCEE Microfinance Bank, to redefine financial inclusion by offering a blend of innovative technology and tailored financial solutions designed to meet the diverse needs of its customers.• Avon Medical Practice completes the construction of a state-of-the-art 26-bed hospital facility designed to provide comprehensive diagnostic and clinical services.• The Board of the Financial Markets Authority of West Africa Economic & Monetary Union (AMF-UMOA) headquartered in Cote D’Ivoire approves our United Capital Asset Management West Africa Limited (UCAMWAL) to conduct Investment Management business across eight (8) countries in WAEMU Zone (Republic of Benin, Burkina Faso, Côte D'Ivoire, Guinea-Bissau, Mali, Niger, Senegal, and Togo). • Heirs Insurance Group is named the Best MSME Insurance Company of the Year at the 2024 Nairametrics MSME Awards and wins "Best in Technology for Development Award” at the 2024 SERAS Africa Sustainability/CSR Awards.• Afriland Properties successfully completes and achieves full occupancy of its 7-floor flagship luxury development in Ikoyi — The Residences by Afriland.• United Bank for Africa (UBA) celebrates its 75th anniversary, as UBA America celebrates its 40th anniversary; hosting an exclusive reception during the United Nations General Assembly (UNGA) High-Level Week in New York.• TEF announces the 10th cohort of the 10-year TEF Entrepreneurship Programme, having funded over 21,000 entrepreneurs across Africa and• Harvard Business School releases a first of its kind case study focused on African philanthropy, examining the role and impact of the Tony Elumelu Foundation (TEF), and its unique approach to catalysing entrepreneurship in Africa.
- [Cookie Policy](https://www.heirsholdings.com/cookie-policy/): This Cookie Notice explains how we use cookies and the choices you have. Except as otherwise stated in this notice, the relevant Company privacy notice, which can be found on our (“Privacy Notice”), will apply to our processing of the data that we collect via cookies including your rights regarding your personal data. 
- [Job listings](https://www.heirsholdings.com/job-listings/): We are always on the lookout for unique individuals with remarkable skill sets who are enthusiastic about making a difference on the African continent and are committed to being a part of the new African story.
- [Terms and Conditions](https://www.heirsholdings.com/terms-and-conditions/): This page states the Terms and Conditions under which you may use the website www.heirsholdings.com (referred to as the Site). Please read these Terms and Conditions carefully. If you do not accept the Terms and Conditions stated here, do not use the Site. Heirs Holdings reserves the right to revise the enclosed Terms and Conditions on a frequent basis. You as the viewer agree to review the Terms and Conditions on a periodical basis. As a repeat visitor to the Site, you may consider the Terms and Conditions binding to successive visits.
- [Privacy Policy](https://www.heirsholdings.com/privacy-policy/): We at Heirs Holdings treat the privacy of our visitors with the highest importance. This policy details the measures we take to preserving and safely guarding your privacy when you visit our site or communicate with our personnel. The Privacy Policy here has been approved and provided by our legal advisors.
- [Press Releases](https://www.heirsholdings.com/press-releases/): Press release Events, Announcements, Press Releases and Articles Featured Latest PRESS RELEASES SUBSCRIBE TO OUR NEWSLETTER Stay in touch to get exclusive news and insights from across our investment portfolio. The personal information we collect is used for the purpose for which it was provided to us. We endeavour to keep your personal information secure with the appropriate level of security and will keep for as long as we need for legitimate business or legal reasons. We will then delete it safely and securely.
- [News](https://www.heirsholdings.com/news/): Media Share on facebook Share on twitter Share on linkedin Sign up for email updates Stay in touch to get exclusive news and insights from across our investment portfolio. The personal information we collect is used for the purpose for which it was provided to us. We endeavour to keep your personal information secure with the appropriate level of security and will keep for as long as we need for legitimate business or legal reasons. We will then delete it safely and securely.
- [Contact](https://www.heirsholdings.com/contact/): Contact Get in Touch Heirs Place,
1 MacGregor Road,
Ikoyi,
Lagos - Nigeria. +234-201-2774641-5 Send a Message Please fill in the form below to get in touch with us.
- [Media](https://www.heirsholdings.com/media/): READ MORE »
- [Careers](https://www.heirsholdings.com/careers/): For any questions and further inquiries please send an email to careers@heirsholdings.com
- [Philanthropy](https://www.heirsholdings.com/philanthropy/): Heirs Holdings is proud to support the work of The Tony Elumelu Foundation (TEF). Founded in 2010, TEF has pioneered a new approach to philanthropy in Africa. The Foundation’s flagship programme, The Tony Elumelu Foundation Entrepreneurship Programme, is the $100 million commitment launched in 2015 to identify, fund, mentor, and train 10,000 African entrepreneurs over 10 years; an investment in Africa’s future.

## 
- [NxBar: 2026 Graduate Trainee Application](https://www.heirsholdings.com/?p=26107): 2026 Graduate Trainee Application is Closing Soon

## Posts
- [Heirs Holdings Earns LASPARK Recognition for Environmental Stewardship](https://www.heirsholdings.com/heirs-holdings-earns-laspark-recognition-for-environmental-stewardship/):  
- [President Bio and Tony Elumelu Rally West African Private Sector to Turn Regional  Potential into Investment, Industry and Jobs](https://www.heirsholdings.com/president-bio-and-tony-elumelu-rally-west-african-private-sector-to-turn-regional-potential-into-investment-industry-and-jobs/): Hosting President Bio in Lagos ahead of the inaugural West Africa Integration and Investment Summit (WAIIS), Mr. Elumelu brought together leading private sector and financial institution leaders for the inaugural physical meeting of the WAIIS Private Sector Advisory Board.
- [Heirs Holdings Invites Young Talent to Be Part of Something Exceptional](https://www.heirsholdings.com/heirs-holdings-invites-young-talent-to-be-part-of-something-exceptional/): Applications Open for the Second Heirs Academy Graduate Trainee Programme
- [Heirs Energies Launches Agbada Green Corridor Initiative to Advance Environmental Sustainability](https://www.heirsholdings.com/heirs-energies-launches-agbada-green-corridor-initiative-to-advance-environmental-sustainability/): Heirs Energies has launched the Agbada Green Corridor Initiative, a tree-planting and eco-system restoration programme designed to strengthen biodiversity, enhance climate resilience and support environmental sustainability across its area of operations, marking the 2026 World Environment Day.
- [Heirs Holdings Portfolio Companies Earn International Recognition Across Industries](https://www.heirsholdings.com/heirs-holdings-portfolio-companies-earn-international-recognition-across-industries/): Lagos, Nigeria – July 23, 2026 – Three Heirs Holdings portfolio companies - Transcorp Group, Abuja Electricity Distribution Company (AEDC) and Redtech - have earned recognition in leading global and continental business rankings published by The Africa Report and CNBC, reinforcing Heirs Holdings' strategy of building leading businesses across sectors.
- [Heirs Energies OML 17 JV and Redtech Commission Integrated Operations Monitoring Centre to Accelerate Digital Oilfield Operations](https://www.heirsholdings.com/heirs-energies-oml-17-jv-and-redtech-commission-integrated-operations-monitoring-centre-to-accelerate-digital-oilfield-operations/): Port Harcourt, Nigeria | 29 June 2026
- [Heirs Energies’ US$750 Million Financing Named Best Oil & Gas Deal of The Year](https://www.heirsholdings.com/heirs-energies-us750-million-financing-named-best-oil-gas-deal-of-the-year/): Heirs Energies Limited, Africa’s leading indigenous-owned integrated energy company, has been recognised on the global stage after its landmark US$750 million dual-tranche Senior Secured Reserve-Based Lending (RBL) facility was named Best Oil & Gas Deal of the Year at the EMEA Finance Project Finance Awards 2026.
- [A 15-Year Impact Report](https://www.heirsholdings.com/heirs-holdings-launches-15-years-impact-report/): Lagos, Nigeria – May 22, 2026 — Leading pan-African investment Group, Heirs Holdings, has announced the official launch of its inaugural Impact Report covering the years 2010 to 2024. The publication documents 15 years of transformative socio-economic impact across Africa.
- [Heirs Holdings Portfolio Companies Recognised as Africa’s Fastest-Growing Companies by Financial Times](https://www.heirsholdings.com/heirs-holdings-portfolio-companies-recognised-as-africas-fastest-growing-companies-by-financial-times/): Heirs Holdings has announced that three of its portfolio companies, Heirs Life Assurance Limited, Redtech Limited, and Heirs General Insurance Limited, have been recognised in the Financial Times Africa’s Fastest-Growing Companies 2026 ranking, with all three companies placing within the Top 50 across the continent.
- [Tony Elumelu, The Inventor Of Africapitalism: “We Lifted 2 Million People Out Of Poverty.”](https://www.heirsholdings.com/tony-elumelu-the-inventor-of-africapitalism-we-lifted-2-million-people-out-of-poverty/): In a recent feature with Forbes Italia, Heirs Holdings Founder and Group Chair, Tony O. Elumelu CFR,  reflects on the defining idea that has shaped his work for over a decade: Africapitalism, the belief that Africa’s private sector must play a central role in driving economic and social transformation.
- [The Architecture of Opportunity: How Africapitalism is Powering Africa’s Future](https://www.heirsholdings.com/the-architecture-of-opportunity-how-africapitalism-is-powering-africas-future/): From over 265,000 applications across all 54 African countries, 3,200 entrepreneurs were selected into the 2026 cohort to be funded with a total of $16 million. However, reducing the event to these numbers alone is enough to miss its significance as the continuation of a belief system that has, over the past decade, steadily reshaped access to opportunity across the continent—Africapitalism.
- [The Tony Elumelu Foundation Announces 2026 Cohort of 3,200 African Entrepreneurs](https://www.heirsholdings.com/the-tony-elumelu-foundation-announces-2026-cohort-of-3200-african-entrepreneurs/): The 2026 cohort reflects the diversity, ambition, and resilience of Africa’s entrepreneurial ecosystem, with 51% women, 75% aged 18–35, reinforcing youth-driven economic transformation, 30% from rural communities, expanding access beyond urban centres, and 13 selected entrepreneurs reported to be thriving with disabilities. The 2026 Tony Elumelu Entrepreneurs’ businesses span sectors including agriculture, AI, green economy, healthcare, and fintech. Crucially, 91% of selected entrepreneurs are at idea or early-stage, underscoring TEF’s role as a true last-mile enabler of opportunity.
- [From Charity to Enterprise: A Strategic Narrative for Inclusive Prosperity](https://www.heirsholdings.com/from-charity-to-enterprise-a-strategic-narrative-for-inclusive-prosperity/): When Heirs Holdings Founder and Group Chair, Tony O. Elumelu, CFR took the stage at the 14th Nordic–African Business Summit in Oslo, Norway, he did so with conviction and clarity; “You make your money in Africa; Invest in Africa. Create jobs on the continent. Help to provide the infrastructure that we need.” The sentiments he expressed in Oslo and in his subsequent interview with Norway’s business media may mark the beginning of a turning point in how Africa–Nordic business relations will evolve from an aid-mindset to an enterprise-mindset.
- [Heirs Holdings Announces Two New Non-Executive Board Appointments](https://www.heirsholdings.com/heirs-holdings-announces-two-new-non-executive-board-appointments/): Lagos, Nigeria – January 26, 2026 — Leading pan-African investment company, Heirs Holdings, has announced the appointment of Obinna Ufudo and Sola Yomi-Ajayi as Non-Executive Directors. The new directors bring extensive expertise in finance, energy, governance, and global markets and their appointments demonstrate Heirs Holdings’ ongoing commitment to strong corporate governance.
- [Tony Elumelu Appointed to Seplat Energy Plc. Board](https://www.heirsholdings.com/tony-elumelu-appointed-to-seplat-energy-plc-board/): Heirs Holdings Founder and Group Chair, Tony O. Elumelu, CFR, has been appointed to the board of Seplat Energy Plc. as a Non-Executive Director.
- [Heirs Energies Limited Acquires Maurel & Prom’s 20.07% Stake in Seplat Energy Plc in ~US$500 Million Transaction](https://www.heirsholdings.com/heirs-energies-limited-acquires-maurel-proms-20-07-stake-in-seplat-energy-plc-in-us500-million-transaction/): Heirs Energies, Africa’s leading indigenous integrated energy company, has acquired the entire 20.07% equity stake (120.4 million ordinary shares) previously held by Maurel & Prom S.A. in Seplat Energy Plc (Seplat Energy) at a price of GBP3.05 pence per share, valuing the transaction at approximately US500 million.
- [Heirs Energies Agrees $750m Afreximbank Financing to Drive Long-Term Growth](https://www.heirsholdings.com/heirs-energies-agrees-750m-afreximbank-financing-to-drive-long-term-growth/): Abuja, Nigeria | 20 December 2025 – Heirs Energies Limited, Nigeria’s leading indigenous integrated energy company, has executed a USD 750 million financing with the African Export–Import Bank (Afreximbank).
- [Transcorp Hotels Plc Announces the Appointment of Dr. Awele Elumelu as Chair of the Board](https://www.heirsholdings.com/transcorp-hotels-plc-announces-the-appointment-of-dr-awele-elumelu-as-chair-of-the-board/): Abuja, Nigeria – - Transcorp Hotels Plc, the hospitality subsidiary of Transnational Corporation Plc (“Transcorp Group”), has announced the appointment of Dr. (Mrs.) Awele Vivien Elumelu, OFR, as Chair of the Company, effective January 01, 2026.
- [Heirs Holdings Group Chair Joins African Business and Philanthropy Leaders to the UAE to Strengthen Gulf-Africa Collaboration](https://www.heirsholdings.com/heirs-holdings-group-chair-joins-african-business-and-philanthropy-delegation-to-the-uae/): Heirs Holdings Founder & Group Chair, Tony O. Elumelu, CFR, was in the United Arab Emirates as part of a distinguished delegation of African business and philanthropic leaders, attending at the personal invitation of His Excellency Badr Jafar, the UAE’s Special Envoy for Business and Philanthropy and a member of the Tony Elumelu Foundation Advisory Board. The visit reinforced Africa’s growing relevance in global discussions on development, investment, and philanthropy, and highlighted the Tony Elumelu Foundation’s internationally recognised impact in empowering young African entrepreneurs.
- [Heirs Holdings Wins Big at All Africa Business Leaders Awards](https://www.heirsholdings.com/heirs-holdings-wins-big-at-all-africa-business-leaders-awards/): At the 13th All Africa Business Leaders Awards (AABLA) in Johannesburg, South Africa, Heirs Holdings Group delivered a standout moment of excellence as two of its distinguished leaders, Dr. Owen Omogiafo, OON, Group Chief Executive Officer of Transcorp, and Samuel Nwanze, Executive Director/Group Chief Financial Officer of Heirs Energies, were honoured for their exceptional achievements, strategic leadership, and lasting contributions to Africa’s business landscape.

## Categories
- [Articles](https://www.heirsholdings.com/category/articles/)
- [Blogs](https://www.heirsholdings.com/category/blogs/)
- [Chairman's Blogpost](https://www.heirsholdings.com/category/chairmans-blogpost/)
- [Energy](https://www.heirsholdings.com/category/energy/)
- [Events](https://www.heirsholdings.com/category/events/)
- [Financial Services & Investments](https://www.heirsholdings.com/category/financial-services/)
- [Healthcare](https://www.heirsholdings.com/category/healthcare/)
- [Heirs Holdings Newsletter](https://www.heirsholdings.com/category/weekly-newsletter/)
- [Hospitality](https://www.heirsholdings.com/category/hospitality/)
- [News](https://www.heirsholdings.com/category/news/)
- [Philanthropy](https://www.heirsholdings.com/category/philanthropy/)
- [Power](https://www.heirsholdings.com/category/power/)
- [Press Releases](https://www.heirsholdings.com/category/press-releases/)
- [Technology](https://www.heirsholdings.com/category/technology/)
- [Uncategorized](https://www.heirsholdings.com/category/uncategorized/)