Heirs Holdings Inaugurates HH Group Directors’ Annual Summit

Heirs Holdings (HH), the leading pan-African investment company, convened over 100 board members from across all HH investee companies, at the HH Group Directors’ Annual Summit.

The HH Group Summit, held at the iconic Transcorp Hilton Hotel in Abuja from June 13 – 16, 2024, drew on the experience of board members of investee companies from sectors where HH invests: healthcare, power, energy, technology, financial services, hospitality, and real estate. 

Also present were trustees of the Group’s philanthropy, the Tony Elumelu Foundation, which catalyses young entrepreneurs across Africa.  The convening provided the opportunity to reinforce the Group’s strong governance practices and identify opportunities for innovation and impact, as well as celebrating business achievements.

Speaking at the HH Group Summit, Tony O. Elumelu, CFR, Group Chairman, Heirs Holdings, emphasised HH’s mandate to ‘build to last’ and to “build for impact”. 

He said: “Over the past decade, we have inculcated in our business the criticality of strong corporate governance practices.  We only invest for the long term, strategically and patiently.  These twin commitments are fundamental to our success; we are indeed building to last, redefining success in every sector we operate in, and demonstrating our purpose to improve lives and transform Africa”.

The HH Group Summit culminated in a closing ceremony and dinner, hosting influential figures across Nigeria’s public and private sectors, including the Vice President of Nigeria, His Excellency, Senator Kashim Shettima, GCON, Federal Ministers, Ambassadors, policy makers and leaders of civil society.

Speaking at the closing ceremony, Vice President Shettima said: “When the history of Nigeria and indeed Africa’s banking and revolution will be written, one name will stand out – having carved a niche for itself and engraved its name on the walls of banking and Africa’s entrepreneurship.

“Tony Elumelu has become an enigma, a banking colossus, a power industrialist, and a force that cannot be ignored. He is one of our own who believed in Nigeria and threw his heart into it. He is a Nigerian economist, entrepreneur and indeed a philanthropist, who has given life meaning to millions of Nigerians and Africans.”

To date, HH investee companies employ over 40,000 people across 20 African countries, the United Kingdom, UAE, France, and the United States of America. 

The HH Group also boasts three NSE listed stocks each worth over N1trillion (SWOOTs) within its portfolio and manages an investment portfolio size worth N10.6trillion/USD7.1billion.