Elumelu’s Heirs Holdings Launches Technology Subsidiary

March 11, 2024
Heirs Technologies

By Adedapo Adesanya

Heirs Holdings, an African investment company owned by one of Nigeria’s top businessmen, Mr Tony Elumelu, has launched a new subsidiary, Heirs Technologies Limited, with an ambition to empower Africa’s digital transformation.

In a statement, it was disclosed that the introduction of Heirs Technologies marked a significant milestone in the company’s journey towards accelerating progress for future generations across Africa.

“Technology has the power to catalyse development, and we are committed to harnessing this potential to unlock new innovations that will improve lives and transform our continent,” Mr Tony Elumelu, Founder and Group Chairman of Heirs Holdings said.

According to him, Heirs Technologies would provide value-added services that capitalise on top-tier expertise while guaranteeing accessibility locally.

He said the company’s range of offerings included IT consulting, which encompassed advisory services, business transformation, system integration, licensing, and partnerships.

Mr Elemelu added that Heirs Technologies would offer various managed services covering IT operations and business process outsourcing.

“To achieve its vision of propelling Africa to the forefront of the global technology landscape, Heirs Technologies will strategically invest in cutting-edge technological solutions and develop platforms that foster collaboration among diverse stakeholders.

“Central to the company’s plans is to develop local capacity through meticulously tailored skills development programmes,” he said.

Also, Heirs Holdings’ Group Chief Executive Officer, Mr Emmanuel Nnorom, said they were embarking on a journey fueled by innovation and driven by purpose.

According to Mr Nnorom, the company’s mission is not solely about creating products, but shaping the future of technology, noting that the launch of Heirs Technologies reaffirms the Holdings’ steadfast commitment to invest in sectors that provide long-term returns and have the ability to transform Africa’s economy.

He said that Heirs Holdings had been a pivotal player in various sectors critical for Africa’s development including financial services, energy, power, healthcare, real estate, and hospitality.

This is coming after Transcorp Power, another company under the control of Mr Elumelu’s Transcorp Plc, listed on the Nigerian Exchange Limited (NGX) last week.

The company’s objective is to be the leading power-generating company in the country, with a revenue target of N500 billion by 2031 facilitated by diversifying its energy mix by making additional investments in renewable energy and off-grid solutions.

Adedapo Adesanya

Adedapo Adesanya is a journalist, polymath, and connoisseur of everything art. When he is not writing, he has his nose buried in one of the many books or articles he has bookmarked or simply listening to good music with a bottle of beer or wine. He supports the greatest club in the world, Manchester United F.C.

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