Heirs Holdings
Heirs Holdings is a family-owned investment holding company headquartered in Lagos, Nigeria with investment interests in various sectors in Africa. History Heirs Holdings was founded in 2010 by Tony O. Elumelu, CON after his retirement in 2010 from the United Bank for Africa (UBA) Plc, where he had served as Group Managing Director. In 2011, Heirs Holdings made its first investment by acquiring a controlling stake in Transcorp, Nigeria's largest listed conglomerate. In 2012, Heirs Holdings made further investments in the real estate and financial sectors. Afriland Properties Plc, a property management, investment, and development company; United Capital Plc, a financial and investment services group; and Africa Prudential Registrar Plc, a share registration service provider. In 2013, Heirs Holdings committed US$2.5bn, as the single largest private sector investor in President Barack Obama Power Africa Initiative with the ambition to add 30,000MW of new electricity generatio ...
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