Elumelu broadens oil and gas focus, expands into West African offshore services

Lagos, Nigeria, 28 August 2013 – Tony O Elumelu’s pan-African investment vehicle, Heirs Holdings, today announced a substantial investment in Seadrill Mobil Units (Nigeria) Limited, an affiliate of one of the world’s leading offshore deepwater drilling companies, Seadrill. Elumelu has been appointed as chairman of the Board of Seadrill Mobil Units.

Heirs Holdings $300m investment under Transcorp boosts US Power Africa initiative

Lagos, Nigeria, 26 August 2013 – President Barack Obama’s $7 billion US-backed Power Africa initiative has received a major shot in the arm with the announcement that full financing has been completed for the $300 million Ughelli power plant in Delta State, Nigeria by Transcorp Plc, the publicly quoted conglomerate managed by Tony Elumelu’s Heirs Holdings, the pan-African proprietary investment company which is Transcorp’s largest shareholder.

Elumelu calls on African entrepreneurs to take business to BRICS

Johannesburg, South Africa, 22 August 2013 – During a panel discussion held at the first BRICS Business Council meeting in Johannesburg this week, African business leader Tony O Elumelu, Chairman of Heirs Holdings, called on the BRICS business leaders to make room for African entrepreneurs looking to expand their businesses beyond the continent to the BRICS countries.


The Tony Elumelu Foundation focuses on supporting entrepreneurs in Africa by enhancing the competitiveness of the private sector.


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