Heirs Holdings in 2020

Heirs Holdings in 2020

Chairman of Heirs Holdings receives operating licence for Heirs Insurance and Heirs Life

This year, the Nigerian Federal Government, through the insurance regulator, the National Insurance Commission (NAICOM), issued the operating licences for our new Group insurance companies – Heirs Insurance Limited (HIL) and Heirs Life Assurance Limited (HLA).

We look forward to providing much needed, quality, and valuable financial services in Nigeria.

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UBA aerial shot

As the COVID-19 pandemic spread, UBA provided N5 billion (U$D14 million) for COVID-19 relief support across Africa through the UBA Foundation. The support catalysed a comprehensive pan-African response to the fight against the COVID-19 global pandemic.

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Transcorp Power Management Team

Transcorp announced its 100% acquisition of Afam Power, a natural-gas-fired power generation facility in Oyigbo, Rivers State with a combined installed capacity of 1000MW. This investment is a further key step in with Transcorp’s core mission in the power sector of bringing affordable and dependable power to at least one out of every four Nigerians.

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Ambassador of Belgium to Nigeria, H.E. Ambassador Daniel Bertrand and Tony Elumelu

Our Chairman, Tony Elumelu, was conferred Belgium’s oldest and most important National Honour on November 15, 2020, in recognition of his commitment to poverty eradication and the economic empowerment of young Africans, as well as his dedication to improving lives through his business interests.

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Dr Elumelu

Dr Awele Elumelu, Trustee of the Tony Elumelu Foundation and Founder and Chief Executive Officer of Avon Medical was appointed to the Yale Institute for Global Health Advisory Board, joining Rosa DeLauro, Congresswoman, Connecticut’s Third Congressional District; Jeffrey Koplan, Former Director, U.S. Centers for Disease Control and Prevention (CDC), Indra Nooyi, Board of Directors at Amazon and Former Chairman & CEO of PepsiCo.

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Tony Elumelu Foundation partnered with the European Union

The Tony Elumelu Foundation partnered with the European Union and Organisation of African, Caribbean and Pacific States (OACPS), to identify, train, mentor and fund 2,500 young African women entrepreneurs in 2021. The partnership will disburse €20 million in financial and technical support for women-owned businesses, across all 54 African countries.

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TIME 100: Tony Elumelu

Tony O. Elumelu, one of Africa’s leading investors and philanthropists, was recognised in the 2020 TIME100, the annual list of the 100 most influential people in the world, for his track record of business turnaround and value creation, and economic empowerment of young Africans. The list, now in its seventeenth year, recognises the activism, innovation, and achievement of the world’s most influential individuals. 

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Transcorp Hilton Abuja emerged the winner of the 2020 World Travel Awards in 4 categories,

Transcorp Hilton Abuja emerged the winner of the 2020 World Travel Awards in 4 categories, notably, Africa’s Leading Business Hotel. This is the 6th consecutive year the hotel has been recognised for its excellence by this prestigious body. 

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Commissioning of the Afriland Towers

In February, Afriland Properties Plc commissioned Afriland Towers, an 8-story ultra-modern business complex. Special guests at the unveiling were: His Excellency, BabaJide Sanwo-Olu, Governor of Lagos State; HRH Aremi Akiolu, Oba of Lagos; Tony O. Elumelu, CON, Chairman, Heirs Holdings.

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HH People at transcorp Holding Power company of the year award

Transcorp Power Limited was recognised as the Power Company of the Year in the BusinessDay Nigerian Leadership Awards 2020 for its track record of being the leading power generating company in Nigeria.

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United Capital Plc Group CEO, Peter Ashade

In December, United Capital Plc launched ‘The United Capital Sukuk Fund’, the first ethical investment product from United Capital Asset Management. This fund is a Shariah-compliant open-ended mutual fund regulated by the Securities and Exchange Commission (SEC).

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