What stage does Heirs Holdings invest at?

Heirs Holdings invests at the Growth stage.

What sectors does Heirs Holdings focus on?

Heirs Holdings focuses on Energy, Fintech, Healthtech, InsurTech, PropTech, Travel & Hospitality.

Where is Heirs Holdings located?

Heirs Holdings is headquartered in Lagos, NG.

Heirs Holdings

Family office

Lagos · Growth · 11 people tracked

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Investment thesis

Heirs Holdings pursues a philosophy it terms Africapitalism, seeking to unlock Africa's potential through long-term investments in strategic sectors. The group positions itself as a family-owned, pan-African investment holding company focused on delivering sustainable, long-term value while improving lives and driving development across the continent.

Invests inEnergy Fintech Healthtech InsurTech PropTech Travel & HospitalityAfricaLagosNigeria

Source: firm website, verified Aug 3, 2026.

Stage

Growth

Lagos, NG

Instruments

Equity

Tracked investments

Team · 11 people

from the firm's website

Awele V. Elumelu· Founding Director

Founding Director of Heirs Holdings and a medical doctor focused on transforming African healthcare. She chairs several group boards including Avon Healthcare and co-founded the Tony Elumelu Foundation.

Dr. Awele V. Elumelu· Founding Director

A founding Director of Heirs Holdings and co-founder of the Tony Elumelu Foundation, focused on healthcare and entrepreneurship. She chairs several group boards including Avon Healthcare, Heirs Insurance Brokers and Transcorp Hotels.

Tony O. Elumelu· Founder and Chairman

African investor and philanthropist who founded and chairs Heirs Holdings, and also chairs UBA Group and Transcorp Group. He created the Tony Elumelu Foundation and has received numerous international honors.

Alexander Trotter· Investor

Investor in public and private companies with a focus on Africa. He is a partner at Newmarket Asset Management, a Tony Elumelu Foundation trustee, and co-founder of Quality Foods Africa.

Chinedu Eze· Group Company Secretary and Legal Counsel

Leads the legal function at Heirs Holdings, overseeing transaction advisory, legal risk and corporate governance. He has over 20 years of experience in corporate law and previously held roles at Nestoil, Transcorp, Fidelity Bank and Ecobank.

Chiugo Ndubisi· Strategic oversight of investment and integration

Oversees investment and integration across Heirs Holdings' portfolio. A financial services professional with over 25 years in banking, he previously served as an executive director at UBA.

Clari· Strategic marketing direction

Provides strategic marketing direction across Heirs Holdings' portfolio. She previously worked in advertising and helped launch the Tony Elumelu Foundation Entrepreneurship Programme.

Emmanuel N. Nnorom· CEO

CEO of Heirs Holdings and former CEO of Transnational Corporation of Nigeria. A chartered accountant with over three decades of corporate and financial experience, he previously held senior roles at UBA including Group CFO.

Obinna Ufudo

Business leader with 30 years of multi-sector experience across banking, investment, energy and development finance. He served as President/Group CEO of Transcorp and previously Executive Director/COO of Heirs Holdings.

Sola Yomi-Ajayi

Financial services executive with over 30 years of experience in leadership, governance and risk management. She previously served as an Executive Director of UBA and CEO of UBA's international business and America operations.

Victor Osadolor

Banking and finance expert with over 30 years of experience in capital markets, credit and financial risk. He rose to Deputy Group MD/CEO at UBA and has chaired and served on several African boards.

What they invest in

from 11 of 22 portfolio companies

Enterprise Software ×5Fintech ×4Energy ×3Digital Health ×2Healthtech ×2InsurTech ×2Cloud Computing ×1Cybersecurity ×1

HQs:Nigeria×10

Investments · 22 tracked

founders shown can be your intro path

Avon Medicalavonmedical.comin✓ verified

Avon Medical Practice is a healthcare provider offering end-to-end patient care covering prevention, diagnostics, management, and recovery across all life stages.

Digital HealthHealthtechWellness & FitnessLagos, NG

Dr Awele V. Elumelu(Chairperson)Dr Akinbiyi Oke(Chief Executive Officer)Dr. Awele V. Elumelu OFR(Chairperson)

Redtechredtechlimited.comin 𝕏✓ verified

Redtech is a fintech company offering digital payment solutions (RedPay) and an energy technology platform (SITCOM) aimed at addressing financial and infrastructure challenges across Africa.

EnergyEnterprise SoftwareFintechImpact & Social GoodSaaSAbuja, NG

Abuja Electricity Distribution Company

Electricity distribution company (AEDC)

Africa prudentialafricaprudential.comin 𝕏

Africa Prudential is a share registration and data management provider serving companies across multiple sectors in Nigeria.

Enterprise SoftwareFintechNigeria, NG

Afriland Propertiesafrilandproperties.com𝕏

Afriland Properties is a property management, investment, and development company offering end-to-end real estate services.

PropTech

Avon Dialysis Centre

Dialysis provider that has delivered over 15,000 dialysis sessions.

Avon Healthcare Limited

Nigeria's leading health insurance provider (Avon HMO) and medical practice network.

Avon HMOavonhealthcare.comin 𝕏

Avon HMO is a Nigerian health maintenance organization offering individual, family, and corporate health plans that coordinate care and cover medical bills for subscribers.

Digital HealthHealthtechInsurTechLagos, NG

Osa Imasogie(Chief Executive Officer)

Heirs Energies

One of the continent's largest natural resources producers.

Heirs Insurance Brokers

Brokerage arm of Heirs Insurance Group offering tailored risk and asset protection solutions.

Heirs Insurance Groupheirsinsurancegroup.comin 𝕏

Heirs Insurance Group is a digital-first life insurer that offers tailored coverage through mobile apps, USSD, and other channels with rapid claim processing.

InsurTechLagos, NG

Heirs Technologiesheirstechnologies.comin 𝕏

Heirs Technologies provides managed IT solutions and digital transformation services across cybersecurity, cloud infrastructure, data analytics, and enterprise resource planning for organizations across African markets.

Cloud ComputingCybersecurityEnterprise SoftwareLagos, NG

TENOILheirsenergies.com𝕏

An oil and gas company with upstream activities and interests across the value chain, operating primarily on land-based operations in the Niger Delta region of Nigeria.

EnergyNiger Delta, NG

Tenoil energytenoilenergy.com

Tenoil is an indigenous oil exploration and production company that connects oil block production to domestic value chains across Africa.

EnergyLagos, NG

Transcorp Centre

5,000-capacity event space in Abuja.

Transcorp Grouptranscorpgroup.com

Transcorp Hilton Abuja

1,000-key hotel property in Abuja, part of the group's hospitality and real estate portfolio.

Transcorp Hotelstranscorphotels.com

Nigeria's leading hospitality company, owner of the Transcorp Hilton Hotel Abuja.

Transcorp Powertranscorppower.com

Leading producer of electricity in West Africa.

Transcorpnigeriatranscorpnigeria.com

United Bank for Africaubagroup.comin 𝕏

UBA Group is a pan-African banking group offering financial services to individuals and businesses across Africa and internationally.

Enterprise SoftwareFintechLagos, NG

united capitalunitedcapitalplcgroup.comin 𝕏

United Capital Plc is a Pan-African financial services institution providing investment banking, asset management, wealth management, securities trading, and consumer finance services.

Enterprise SoftwareFintech

Frequently asked questions

What stage does Heirs Holdings invest at?: Heirs Holdings invests at the Growth stage.
What sectors does Heirs Holdings focus on?: Heirs Holdings focuses on Energy, Fintech, Healthtech, InsurTech, PropTech, Travel & Hospitality.
Where is Heirs Holdings located?: Heirs Holdings is headquartered in Lagos, NG.

Media · Podcasts & interviews

featuring the team

Heirs Holdings Chairman, Tony O. Elumelu Speaks at the 2023 (Afreximbank)

Heirs Holdings · Tony O. Elumelu

Heirs Holdings Chairman, Tony O. Elumelu at the NGX, BPE, NIPC Investors Webinar

Heirs Holdings · Tony O. Elumelu

Built to Lead: The Heirs Holdings Woman

Heirs Holdings

Heirs Holdings Africapitalism in Action

Heirs Holdings

Tony Elumelu Delivers Keynote Remarks at the Abuja Business & Investment Summit & EXPO 2025

Heirs Holdings

Tony Elumelu Champions Africapitalism at the Nordic-African Business Summit, in Oslo, Norway

Heirs Holdings

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