Heirs Holdings has reaffirmed its commitment to fostering economic growth in Nigeria and across Africa.
Speaking at the 14th anniversary Media Parley held in Lagos, Group Chairman of Heirs Holdings, Tony Elumelu, highlighted the company’s dedication to long-term investment in Africa’s strategic sectors.
“In 2010, we embarked on a bold journey with the vision to invest long-term in Africa’s key sectors to unlock the continent’s full potential,” Elumelu stated.
He continued, “Through relentless dedication and resilience, our Group has demonstrated that an African institution can consistently create long-term value while establishing a legacy of success across the continent’s most vital sectors.”
Elumelu also emphasized the Group’s commitment to social impact: “Our journey has been characterized by unwavering tenacity, allowing us to seize opportunities and uphold our vision and principles.
Most importantly, our efforts have significantly improved millions of lives and fostered greater inclusion within communities. For us, it is about vision, execution, enterprise, and excellence.”
Owen Omogiafo, Group CEO of Transnational Corporation Plc, a subsidiary of Heirs Holdings, reiterated this commitment by discussing the company’s contributions to the energy sector.
“Through our investments in power, we are advancing the energy sector, recognizing that power is crucial for economic transformation not just in Nigeria, but globally,” Omogiafo said.
She further noted, “Currently, we are responsible for approximately 15 per cent of Nigeria’s power generation. Our investment in power distribution spans over 130,000 square kilometers.
We own two power companies, Transcorp Power and Transafem Power, which are direct investments, and we hold an indirect investment in Abuja Electricity Distribution Company.”
“Our hospitality business is a leader in the hospitality sector of the country.”
Group CEO of United Capital, Peter Ashade highlighted the company’s role in delivering value to its shareholders while contributing to the growth of the financial ecosystem.
CEO of Avon HMO, Adesimbo Ukiri emphasized the company’s impact on the healthcare sector in Nigeria, stating,
“We are contributing to the growth of the healthcare sector in the country with our HMO facilities.
We have impacted approximately 500,000 Nigerians through the services we provide at hospitals and the health plans we offer.
Our health plans cater to all demographics, and we have paid out over N38bn in hospital claims.”
CEO of the Tony Elumelu Foundation (TEF), Omachi Chris-Asoluka discussed the organization’s philanthropic efforts, noting, “Our philanthropy has invested $100m into the lives of 20,000 young African entrepreneurs, who have created 400,000 jobs across the continent and established networks and opportunities for many more.”
The Group further announced, “Recently, our financial services division received a significant boost to our pan-African expansion strategy by securing a license to operate as an asset manager within the West African Economic and Monetary Union (WAEMU) regional bloc, covering Benin, Burkina Faso, Côte D’Ivoire, Guinea-Bissau, Mali, Niger, Senegal, and Togo.”
