Heirs Holdings
On August 1, 2017, Pan-African investment company, Heirs Holdings,
celebrated its 7th year anniversary. With growing investments in oil
& gas, power, hospitality, financial services, health care, and
agriculture sectors, Heirs Holdings is building a legacy while impacting
lives and transforming the African continent.
Heirs Holdings recently signed a $100million MOU with Afreximbank to
support its cross-border investment programme across 20 African
countries. This is its first significant institutional financing, an
important milestone illustrating the trust development organisations
have in the company’s vision and commitment.
It also announced a few milestones achieved by its investee companies in the past year:
Heirs Holdings announced Emmanuel Nnorom
as its Chief Executive Officer. Nnorom was the President and CEO at
Transcorp, where he played a significant role in Transcorp’s turnaround.
United Capital Plc announced a 133%
profit growth in 2016; the team also launched two new mutual funds,
which have now been listed on the Nigerian Stock Exchange;
Transcorp Plc, Nigeria’s conglomerate,
made Africa Report’s list of top 500 African companies and announced a
134% profit increase in half-year 1 2017. Transcorp Plc also announced
Adim Jibunoh as its new President and CEO.
Transcorp Power Limited commissioned a
115MW gas turbine in a move to increase its current generating capacity
to over 620MWs (with the addition of the turbines on routine maintenance
it should be over 750MWs). Transcorp Power is now Nigeria’s largest
producers of power contributing 15-18% of Nigeria’s current total power
generation, a figure that will only increase.
Transcorp Hilton celebrated its rich
history and legacy at its 30th year anniversary, shortly after the
completion of the $100m upgrade of its facilities. Among other awards,
it has been nominated again for the World Travel Awards.
Africa Prudential was awarded best
registrar in Africa by the Africa-Canada Trade Alliance at the 7th
Edition of the West Africa Innovation and Excellence Awards ceremony;
Avon HMO, during their 3rd year
anniversary, revolutionised the HMO industry, by launching a digital
ecommerce portal to facilitate better access to health plans.
Avon Medical expanded its service to
include an ENT clinic at its Surulere office, as well as the
immunization and antenatal clinics at City Hall.
Afriland Properties announced a 10% increase in their assets.
Tony O. Elumelu, Chairman, Heirs Holdings, commended the staff for
their diligence and contribution to the company’s growth since its
inception. “I congratulate everyone for these achievements. There are
true to our core values of excellence, enterprise and execution,” he
said.
Heirs Holdings also invests in the African youth entrepreneurship
ecosystem through The Tony Elumelu Foundation which has successfully
incubated 3,000 African entrepreneurs across Africa in the past 3 years.
The Foundation’s entrepreneurship programme seeks to endow 10,000
African entrepreneurs with $100million in 10 years.
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