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/C O R R E C T I O N -- Heirs Holdings Group/
Established in 2010, Heirs Holdings was founded on a mission: to transform Africa , creating economic and social wealth; a demonstration of Tony Elumelu's philosophy of , which positions the private sector as the key driver of economic prosperity and social wealth across Africa .
Heirs Holdings has purposely executed a portfolio designed to create long term impact, to change the face of a continent and its people. By investing in the fundamental infrastructure of Africa , in democratising financial services, addressing the huge deficits in power, ensuring African resources feed African value chains, Heirs Holdings has not only created financial value, but changed lives. This commitment is exemplified in Heirs Holdings support for the Tony Elumelu Foundation (TEF), whose new model of philanthropy has championed entrepreneurs across Africa , and touched millions.
Today, Heirs Holdings' investment portfolio spans , with a cumulative portfolio value of . In doing so, Heirs Holdings has also invested heavily in Africa's most valuable asset: the continent's people. A proudly African owned and African managed business, with a commitment to human capital development, Heirs Holdings Group employs over 20,000 people, and has launched a series of leading human resources initiatives, including its graduate development programmes.
Heirs Holdings' fifteen years have seen a series of groundbreaking transactions, that have demonstrated value creation, resilience and effectiveness. By uniting Africa's human talent, with Elumelu's transformative vision and desire to do well and to do good, the Group has delivered value and impact. Highlights include:
Heirs Holdings has also created socioeconomic impact through its sustainability initiatives and philanthropic efforts. The Tony Elumelu Foundation is the largest African-funded philanthropy focused on entrepreneurship. Since inception, TEF has empowered over 24,000 entrepreneurs, disbursed over $100 million in seed capital, creating more than 1.5 million direct and indirect jobs across all 54 African countries.
In parallel, Heirs Holdings' sustainability and CSR initiatives across its subsidiaries, from healthcare access and education support to environmental protection and infrastructural development, have improved lives in thousands of communities.
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," said Tony O. Elumelu, CFR, Group Chairman of Heirs Holdings.
As Heirs Holdings commemorates 15 years of transformative investment, the Group has become a template for creating long-term value and sustainable business impact, one of Africa's strongest advocates and most admired business brands.
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