About us

Our investment portfolio spans the power, oil and gas, financial services, hospitality, real estate and healthcare sectors, operating in twenty-three countries worldwide.

We are inspired by Africapitalism, the belief of our Chairman, Tony O. Elumelu, CON that the private sector is the key enabler of economic and social wealth creation in Africa.

Driven by this philosophy, we invest for the long-term, bringing strategic capital, sector expertise, a track record of business turnaround success and operational excellence to companies we invest in.

Our philanthropic Foundation catalyses entrepreneurship across Africa, through the USD $100million Tony Elumelu Foundation Entrepreneurship Programme, advocacy and research.


We are long-term investors in Africa’s most strategic sectors

BOARD MEMBERS
Our LEADERSHIP

Deeply rooted in our employees are our values, which drive us towards a common sense of purpose to create long lasting value for our stakeholders.

MANAGEMENT TEAM

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Tony O. Elumelu, CON
Chairman

Tony O. Elumelu is an economist by training, a serial entrepreneur, and philanthropist.

He is the Founder and Chairman of Heirs Holdings Ltd, an African proprietary investment company, with interests in power, oil and gas, financial services, hospitality, real estate and healthcare, present in twenty African countries.

Tony is known for his significant contribution to entrepreneurship in Africa. In 2010, he created The Tony Elumelu Foundation, which has committed $100m in a 10-year programme to fund, mentor and train 10,000 African entrepreneurs. The Foundation’s mission is inspired by Tony’s economic philosophy of Africapitalism, which positions the private sector as the key enabler of economic and social wealth creation in Africa.

He sits on numerous public and social sector boards, including the global advisory board of the United Nations Sustainable Energy for All Initiative (SE4ALL), USAID’s Private Capital Group Partners Forum (PCG), and is Co-Chair of the Aspen Institute’s Global Food Security Working Group.

Tony serves on the international advisory board of the Washington DC-based think tank the Wilson Center and is a member of the Global Advisory Council of the Harvard Kennedy School’s Centre for Public Leadership. He is also a member of the World Economic Forum Community of Chairmen. In 2018, he joined other global leaders as one of the inaugural Board Members of Generation Unlimited, an initiative of the United Nations refocused youth agenda.

EMMANUEL NNOROM
Chief Executive Officer

Emmanuel N. Nnorom is CEO of Heirs Holdings. Prior to joining the Heirs Holdings Group, served as CEO of Transnational Corporation of Nigeria Plc, overseeing the Transcorp businesses, including Transcorp Power, Transcorp Hilton, Transcorp Hotel, Calabar and Transcorp Energy.

Prior to Transcorp, Emmanuel had held senior positions at Heirs Holdings and had served as an Executive Director at UBA and Managing Director of UBA Africa, overseeing the Group’s African subsidiaries and executing corporate strategy in 18 African countries. Other senior roles within UBA included Group COO UBA, followed by his appointment as UBA's Group CFO, with responsibility for Finance and Risk.

Emmanuel is qualified as a chartered accountant, and brings over three decades of professional experience in the corporate and financial sectors, working with publicly listed companies. He is an alumnus of Oxford University's Templeton College, and a prize winner and Fellow of the Institute of Chartered Accountants of Nigeria.

DR. A.V ELUMELU
CEO, Avon Medical Practice

Dr Awele V. Elumelu oversees the healthcare investments in the Heirs Holdings' portfolio. She holds a Bachelor of Medicine, Bachelor of Surgery degree from the University of Benin.

Her experience as a medical doctor includes medicine, surgery, paediatrics, obstetrics, gynaecology and emergency medicine. In Nigeria, Dr Elumelu has worked with the Lagos University Teaching Hospital and in the UK, with Grantham and District Hospital, Grantham. In November 2020, she was appointed to the Yale Institute for Global Health Advisory Board.

In January 2018, Dr Elumelu was appointed as the Champion for immunisation in Africa by the Global Alliance for Vaccines and Immunisation (GAVI).

Andrew Alli
Andrew Alli
Non-Executive Director

Andrew Alli is a finance professional with over 30 years' experience in financing infrastructure and energy projects in Africa. He served as the Chief Executive Officer of the Africa Finance Corporation for 10 years, where he oversaw the institution’s growth from a start-up to a world-class institution and catalyst for African funded infrastructure projects across the continent. Prior to this role, he held a series of positions in investment banking, and with the International Finance Corporation (IFC) in Nigeria and South Africa. Andrew is a fellow of the Institute of Chartered Accountants in England and Wales, he holds degrees from Kings College, University of London and INSEAD.

Ms. aneke
Independent Non-Executive Director

Ms. Aneke is a board advisor, banker and a strategic thinker with over 30 years’ experience in financial services, in the areas of financial control, strategy, transaction banking, corporate banking, retail banking, and governance. Ms. Aneke has held executive management and board positions in several international and regional institutions, including Citigroup, Ecobank Transnational Incorporated and the United Bank for Africa.