Heirs Holdings, a leading African investment firm led by Nigerian business executive Tony Elumelu, is set to expand its presence on the Nigerian Exchange (NGX) with plans to list more of its portfolio companies. This move aims to "democratize prosperity" by giving more Nigerians access to investment opportunities.
Elumelu, Founder and Group Chairman of Heir Holdings, made the announcement during a media parley in Lagos, marking the company's 14th anniversary. He revealed that the group is also considering listing its companies in other African markets when conditions are favorable.
"All our businesses in African countries are privately owned. We would like to democratize prosperity by listing them in those markets. Where we have listed, people have benefited significantly from the listing," Elumelu said. "So, we will initiate public offerings in those markets, but at the right time to do so."
Elumelu's vision realized: Heirs Holdings' decade of impact and legacyThis latest development comes on the heels of Heirs Holdings' recent launch of Heirs Technologies , a subsidiary dedicated to driving Africa's digital transformation through innovative solutions tailored to the continent's unique needs. Elumelu's portfolio of publicly listed companies, which includes Transcorp Hotels, Transcorp Plc, United Bank for Africa, United Capital, Africa Prudential, and the newly listed Transcorp Power and Afriland Properties, underscores his influence in the African business landscape.
