Latest News About Tony Elumelu - November 18, 2024

Tony Elumelu, Cindy McCain, Address Africa’s Youth Unemployment, Hunger Crisis at UNGA79

Tony O. Elumelu, CFR, Founder of the Tony Elumelu Foundation (TEF), hosted a reception with Cindy McCain, Executive Director of the World Food Programme (WFP), to...

Tony Elumelu, Chairman of Heirs Holdings, has unveiled an ambitious strategy to further democratize prosperity by expanding the company’s presence on the Nigerian Exchange and potentially other African markets. The announcement, made during a media parley marking the 14th anniversary of Heirs Holdings, underscores a bold vision to broaden market access and drive inclusive growth across the continent. At the core of this strategy is the plan to list additional firms from Heirs Holdings’ diverse portfolio on the Nigerian Exchange. This move aims to enhance public participation in the company’s investments, reflecting Elumelu’s commitment to creating wealth and opportunities for a broader segment of the population. “We are dedicated to democratizing prosperity,” Elumelu stated. “Listing more of our portfolio companies on the Nigerian Exchange is a significant step in that direction. By increasing public access to these investments, we hope to empower individuals and communities, fostering economic inclusion and shared growth.” Heirs Holdings, which boasts a broad investment portfolio across various sectors including power, hospitality, financial services, and healthcare, already has seven of its companies listed on the Nigerian Exchange. These include prominent entities such as Transcorp Hotels, Transcorp Plc, United Bank for Africa, and Afriland Properties. Elumelu emphasized that the group’s expansion efforts are not limited to Nigeria. “We are also considering listings in other African markets,” he said. “Our goal is to tap into the immense potential across the continent, but we will do so when the market conditions are favorable. Our experience in Nigeria has shown us the transformative impact of being listed, and we wish to replicate this success across Africa.” The group’s commitment to enhancing its market presence aligns with its broader vision, which began in 2010. Elumelu’s leadership has steered Heirs Holdings towards strategic investments in key sectors, generating long-term value while contributing to Africa’s economic development. Owen Omogiafo, CEO of Transnational Corporation Plc (Transcorp), a flagship entity within the Heirs Holdings portfolio, highlighted the impact of these investments. “Transcorp is Nigeria’s largest listed diversified conglomerate, and we are proud to contribute significantly to the country’s power generation and hospitality sectors,” Omogiafo said. Similarly, Peter Ashade, CEO of United Capital, and Adesimbo Ukiri, CEO of Avon HMO, underscored the value created through their respective companies, benefiting shareholders and the broader community. Elumelu’s vision extends beyond financial gains. He emphasized the social impact of Heirs Holdings’ investments, which have improved lives, driven inclusion, and fostered significant economic opportunities. “Our journey is defined by execution, enterprise, and excellence,” Elumelu said. “We are committed to creating a lasting legacy and driving positive change across Africa.” The announcement marks a significant milestone for Heirs Holdings, reflecting its ongoing dedication to transforming Africa’s economic landscape and fostering inclusive growth. As the company prepares for future listings and expansions, the focus remains on harnessing Africa’s potential and ensuring that prosperity is shared widely. For further updates and detailed information, stakeholders are encouraged to follow Heirs Holdings’ official communications channels.

Company News3 months ago

Elumelu Unveils Strategy to Democratize Prosperity with Heirs Holdings’ New Listings

Tony Elumelu, Chairman of Heirs Holdings, has unveiled an ambitious strategy to further democratize prosperity by expanding the company’s presence on the Nigerian Exchange and potentially...

Billionaire Watch7 months ago

Nigerian Billionaire Tony Elumelu Contemplates Acquiring NPFL Club

Tony Elumelu is reportedly considering the acquisition of a club in the Nigeria Professional Football League (NPFL). The 61-year-old Nigerian mogul, renowned for his astute business...

Business7 months ago

Tony Elumelu Breaks Fast with President Tinubu, Advocates for Private Sector-Led Growth

Renowned entrepreneur and philanthropist Tony O. Elumelu recently joined President Bola Ahmed Tinubu for an Iftar ceremony at the Presidential Villa in Abuja. The event, held...

Investment8 months ago

Tony Elumelu Empowers 20,000 Entrepreneurs

Tony Elumelu, the founder of the Tony Elumelu Foundation and group chairman of United Bank for Africa (UBA), has empowered over 20,000 entrepreneurs across the continent....

Business8 months ago

Breaking Barriers: Transcorp Hotels CEO Shares Journey from Crisis to Success

Dupe Olusola, the Managing Director/CEO of Transcorp Hotels Plc, reflects on her remarkable journey from navigating the depths of a global pandemic to achieving unprecedented success...

Finance8 months ago

UBA Commits $6 Billion to SMEs, Signs Major Deal with African Guarantee Fund

United Bank for Africa (UBA), one of Africa’s leading financial institutions, has reaffirmed its commitment to empowering Small and Medium Enterprises (SMEs) across the continent with...

Technology8 months ago

Heirs Holdings Unveils Heirs Technologies for African Tech Innovation

Heirs Holdings, the prominent investment company chaired by Tony Elumelu, has announced the launch of its new subsidiary, Heirs Technologies Limited. The newly established company aims...

Economy9 months ago

Nigerian Tycoon Tony Elumelu Urges Government Action to Revive Power Industry

Renowned Nigerian business magnate Tony Elumelu has called for urgent government intervention to revitalize Nigeria’s struggling power sector. Elumelu, whose conglomerate controls a significant portion of...

News9 months ago

Harvard Business School Launches Tony Elumelu Foundation Case Study

At a time of renewed geopolitical interest in Africa, and an increasing questioning of traditional development finance models, Harvard Business School today released a case study...

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