- Heirs Holdings celebrates 15 years of impact, catalyzing transformation across Africa through strategic investments in critical sectors.
- The group has a $10.2 billion portfolio spanning 24 countries across four continents. (Heirs Holdings)
- Founded in 2010 by Tony O. Elumelu, CFR, Heirs Holdings embodies Elumelu’s core philosophy of Africapitalism: combining profit with impact, transforming lives, and changing a continent. (Heirs Holdings)
Lagos, Nigeria – August 1, 2025 – This month marks the 15th anniversary of Heirs Holdings, the family-owned pan-African investment group founded by Tony O. Elumelu, CFR, celebrating a decade and a half of sustainable and transformative investments in Africa. (Heirs Holdings)
Since its inception, Heirs Holdings’ mission has been to transform Africa by creating economic and social wealth, applying Africapitalism: the private sector as a driver of shared prosperity on the continent. (Heirs Holdings)
The Heirs Holdings portfolio is structured to generate lasting impact by investing in fundamentals: energy infrastructure, inclusive financial services, and the development of African resources. This model goes beyond financial value; it changes lives. Heirs Holdings’ commitment is reflected in particular through its support for the Tony Elumelu Foundation (TEF), whose new philanthropic model has supported millions of African entrepreneurs. (Heirs Holdings)
Today, Heirs Holdings’ portfolio spans key sectors: energy, financial services (banking & insurance), technology, real estate & hospitality, and healthcare, in 24 countries across four continents (Africa, Europe, North America, and Asia), with a cumulative value of USD 10.2 billion. The group employs over 40,000 people and has launched innovative HR initiatives, including graduate development programs. (Heirs Holdings)
Heirs Holdings’ 15-year history has been marked by major transactions illustrating value creation, resilience, and efficiency. The group has successfully combined African talent with Elumelu’s vision to deliver measurable impact. Highlights include the acquisition of OML17, ramping up production to over 50,000 barrels/day; strengthening the capacity of Transcorp Power; and rebuilding dormant production units. Renovation of the Transcorp Hilton Abuja and launch of the Transcorp Event Centre; Healthcare impact through Avon HMO, covering over 250,000 lives; Real Estate expansion with Afriland Towers, Heirs Towers, residences and projects in Lagos, Abuja, etc. (Heirs Holdings)
The group also democratized insurance through Heirs General Insurance and Heirs Life Assurance, launched the Heirs Insurance Experience Centre, the first fully digital insurance hub in Nigeria, and expanded its continental presence with the opening of the United Capital office in Abidjan. Fintech: Redtech Limited processed over ₦12 billion (~USD 10 billion) in transactions in 2024. (Heirs Holdings)
Socio-impact & Philanthropy: The Tony Elumelu Foundation is Africa’s largest philanthropy dedicated to entrepreneurship. Since its inception, more than 24,000 entrepreneurs have been supported, over USD 100 million in seed capital distributed, and over 1.5 million direct and indirect jobs have been created in 54 African countries. (Heirs Holdings)
At the same time, sustainability and corporate social responsibility initiatives (health, education, environment, infrastructure) carried out through Heirs Holdings subsidiaries have helped transform thousands of communities across the continent. (Heirs Holdings)
Quote from Tony O. Elumelu, CFR, Group Chairman:
“We created Heirs Holdings to be more than a company. It’s a mission. A mission demonstrating that Africa can create shared wealth, employment, and social progress while growing the economy responsibly. For more than 15 years, we’ve proven that Africapitalism works—and this is just the beginning.” » (Heirs Holdings)
On the occasion of its 15th anniversary, Heirs Holdings has established itself as a model of long-term value creation, sustainable impact, and a leading figure in pan-African development.
