15 Years of
Africapitalism
We have built and scaled businesses, empowered entrepreneurs, championed inclusive growth, and delivered real value to our communities. Every milestone, every breakthrough, and every success across our various sectors is a testament to our commitment to long-term impact.
The HH Journey
Since 2010, Heirs Holdings has championed Africa’s development from within—investing for the long term in key sectors that power progress, guided by Africapitalism.
In 15 years, we’ve grown into a $10.2 billion group with investments across Power, Energy, Financial Services, Technology, Real Estate, and Healthcare—spanning 24 countries and 4 continents.
Today, Heirs Holdings stands as a symbol of sustainable impact, private sector leadership, and one of Africa’s most admired business brands.
“My greatest achievement to date is the
founding, nurturing and the development
of Heirs Holdings.”
– Tony O. Elumelu C.F.R
2010
On completing his ten-year term as CEO of the United Bank for Africa (UBA), Tony O. Elumelu…
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2011
Heirs Holdings identifies its first strategic investment opportunity, acquiring a controlling stake in…
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2012
The Tony Elumelu Foundation empowers 20 tech businesses with US $100,000 seed funding through Nigerian…
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2013
Transcorp Ughelli Power acquires 100% ownership and management of Ughelli Power Plc, with 972MW installed…
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2014
Tenoil, HH’s oil and gas company, successfully drills its first oil well, confirming significant amounts…
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2015
The Tony Elumelu Foundation launches its flagship Entrepreneurship Programme committing US $100 million…
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2016
Avon HMO becomes the first health management organisation in Nigeria to offer online subscriptions to…
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2017
Transcorp Power commissions a gas turbine (Gas Turbine 15) with additional 115MW capacity, thereby increasing…
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2018
Transcorp Hotels completes a US $100 million upgrade of the iconic Transcorp Hilton Abuja.
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2019
Heirs Holdings wins the Great Place to Work awards for the ‘Best in Leadership’ Category.
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2020
Afriland Properties commissions Afriland Towers, a world-class 8-floor office complex situated in the…
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2021
Afriland Properties commissions the 7-storey Heirs Towers in Victoria Island, Lagos, an architectural…
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2022
Project Finance International (PFI) magazine awards Heirs Energies (formerly Heirs Oil & Gas) ‘Africa…
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2023
Avon HMO celebrates ten years of operating within the Nigerian health sector, serving over 230,000 lives…
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2024
Transcorp Power lists on the main board of the Nigerian Exchange in at a valuation of $1.1 billion (N1.8…
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2025
Launch of Transcorp Event Centre, Nigeria’s most prestigious event destination.
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Impact Report
For us at Heirs Holdings, it has been 15 years of doing well and doing good. We believe it is intrinsic to our identity—part of our DNA—that our purpose goes beyond mere presence. Our motivation and aspirations are grounded in driving success, not just in terms of prosperity for all, but in catalysing economic growth and development across Africa. For too long, Africa has remained grossly underdeveloped. While it is easy to look for external causes, we believe the onus lies on us.
As private sector players, we must lead the way. We should invest strategically, not only to generate returns for ourselves but also to transform our continent. This is why, at Heirs Holdings, we have deliberately chosen to focus on critical sectors that have a catalytic impact on human lives and Africa as a whole.
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#HHPeople
Testimonials from
Our HHPeople
Moyo Awotile
Head of Marketing and Corporate Communication
The Tony Elumelu Foundation
“One thing about this Group that I’ve learnt is that there is no limit. There is absolutely nothing you can’t do or become.”
Essien Whiley
Technical Assistant
Heirs Holdings
“Reflecting on my journey at Heirs Holdings, one thing that stands out is that I’ve had the opportunity not just to work with a great brand but to contribute to and grow within a brand that is transforming lives.”
Peter Ashade
Group CEO
United Capital Plc.
“It’s been a very visionary and audacious journey… Heirs Holdings at 15 is a celebration of purpose, of vision, of impact and of pathfinding.”
Dr. Owen Omogiafo, OON
President/Group CEO
Transcorp Plc.
“What Heirs Holdings at 15 means to me is a promise kept. A dream that has come to life. We’ve come out of uncertainty into certainty. But even when we were uncertain, we were certain about one thing; that Africa must be great”.
Stephanie Chinwuba
Company Secretary
Avon HMO
“At the graduation ceremony of the Graduate Trainee Programme, the Chairman had said Heirs Holdings was grooming us to become CEOs in 5 to 10 years. We all thought it was aspirational thinking. But my journey, going from graduate trainee to Company Secretary in less than 3 years, has shown me it is indeed possible.”
#HHat15
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