Tony Elumelu, the Chairman of Heir Holdings, has announced plans for the group to list additional companies from its portfolio on the Nigerian Exchange, aiming to promote widespread prosperity. He made this announcement during a media event celebrating the 14th anniversary of Heirs Holdings on Wednesday in Lagos.

Elumelu also mentioned that the group is contemplating listings in other African markets in the future, contingent upon favorable conditions. "All our businesses across African nations are privately held. We aspire to democratize prosperity by introducing them to these markets.

In regions where we have already listed, there have been significant benefits for the public. Therefore, we will pursue public offerings in those markets, but only at the appropriate time," he stated.

Elumelu highlighted that Heirs Holdings was established in 2010 with a visionary goal to make long-term investments in Africa's key strategic sectors to unlock the continent's full potential.

"Our group's unwavering commitment and resilience have proven that an African institution can consistently create long-term value while establishing a legacy of success across Africa's essential sectors."

He added, "Our journey has been characterized by steadfast determination, allowing us to capitalize on opportunities while adhering to our vision and values.

Most importantly, our initiatives have led to significant social impact, enhancing the lives of millions and promoting inclusion within communities. For us, our Group is centered around three core visions: execution, enterprise, and excellence."

Currently, seven companies under Heirs Holdings are listed on the Nigerian Exchange, including Transcorp Hotels, Transcorp Plc, United Bank for Africa, Afriland Properties, United Capital, and Africa Prudential.

Owen Omogiafo, the Group CEO of Transnational Corporation Plc, emphasized that Transcorp Group stands as Nigeria's largest publicly traded diversified conglomerate, with investments spanning critical sectors such as power, hospitality, and energy.

"At present, we contribute approximately 15 percent of Nigeria's power generation. Our distribution investments extend over an area of more than 130,000 square kilometers.

We operate two power companies, Transcorp Power and Trans-Afem Power, as direct investments, alongside an indirect stake in Abuja Electric Distribution. Our hospitality division is a frontrunner in Nigeria's hospitality industry," she remarked.

Peter Ashade, the Group CEO of United Capital, highlighted the company's commitment to generating value for its shareholders and fostering growth within the financial ecosystem. Adesimbo Ukiri, CEO of Avon HMO, stated, "We are playing a significant role in advancing the healthcare sector in Nigeria through our HMO facilities.

Our services have positively impacted around 500,000 Nigerians, and we have disbursed over N38 billion in hospital claims. We take pride in our achievements over the past 11 years, offering health plans that cater to diverse demographics, including individuals, families, and corporate clients, while also engaging with local communities."

She stated that the company is currently based in Lagos and runs a clinic in Abuja, mentioning, “We are present in Afam and Ughelli. However, we aim to expand to other regions of Nigeria and establish a benchmark for healthcare provision.”

“We are also seeking to enhance our operations in the Health Maintenance Organization (HMO) sector. We believe that regulatory conditions could be more favorable, as the current requirement mandates compulsory enrollment in government healthcare plans.

“We are awaiting further clarification on whether subscribing to a private plan would fulfill this requirement. This would allow us to invest significantly more and increase our market penetration, which currently stands at only 8 percent of the population having access to healthcare coverage, leaving 92 percent without it. Nigeria is vast.”

Omachi Chris-Asoluka, CEO of the Tony Elumelu Foundation, noted that the foundation has invested $100 million in the lives of 20,000 young African entrepreneurs, who have collectively created 400,000 jobs across the continent and fostered networks and opportunities for many others.

The organization announced, “Recently, our financial services group received a significant boost to our pan-African expansion strategy by obtaining a license to operate as an Asset Manager within the West African Economic and Monetary Union (WAEMU), which includes the Republic of Benin, Burkina Faso, Côte D’Ivoire, Guinea-Bissau, Mali, Niger, Senegal, and Togo.”

Heirs Holdings is a family-owned investment firm committed to enhancing lives and transforming Africa through a strong dedication to investing in the continent's future.

Its varied investment portfolio encompasses sectors such as power, energy, financial services, hospitality, real estate, technology, and healthcare, with operations spanning 24 countries globally.