Heirs Holdings is a private, family-owned investment company founded and chaired by Tony O. Elumelu, CFR.
Heirs Holdings invests across strategic sectors that drive economic transformation in Africa, including Banking, Insurance & Financial Services, Power, Energy, Real Estate, Hospitality, Healthcare and Technology.
Heirs Holdings was founded by Tony O. Elumelu, CFR, an African entrepreneur, investor, and philanthropist.
Heirs Holdings Group’s investment philosophy is guided by Africapitalism — the belief that the private sector must play a leading role in Africa’s development through long-term investments that create both economic and social value.
Heirs Holdings’ investments span:
• Banking – United Bank for Africa
• Insurance & Financial Services – including Heirs Insurance Group (Heirs Insurance, Heirs Life Assurance, and Heirs Insurance Brokers) Africa Prudential Plc and United Capital Plc
• Power – Transcorp Power Plc and Transafam Power
• Energy –Heirs Energies, Transcorp Energy and Tenoil
• Hospitality & Real Estate – Transcorp Hotels Plc and Afriland Properties Plc
• Healthcare – Avon HMO and Avon Medical Practice
• Technology – Heirs Technologies and Redtech
The Group also supports entrepreneurship and impact initiatives through the Tony Elumelu Foundation.
United Bank for Africa (UBA) is an investee company of Heirs Holdings. However, UBA is a publicly listed financial institution operating independently.
The Chief Executive Officer of Heirs Holdings is Emmanuel Nnorom.
Heirs Holdings is headquartered in Lagos, Nigeria, with investments and operations across Africa.