Heirs Holdings announces new subsidiary

Heirs Holdings, an African investment company, has announced the launch of a new subsidiary, Heirs Technologies Limited.

In a statement on Monday, the firm said the new subsidiary aims to empower Africa’s digital transformation through innovative and locally tailored solutions.

Heirs Holdings said the tech subsidiary would provide value-added services that “capitalise on top-tier expertise while guaranteeing accessibility locally”.

According to the statement, the company’s range of offerings includes IT consulting, which encompasses advisory services, business transformation, system integration, licensing, and partnerships.

Speaking on the development, Tony Elumelu, chairman of Heir Holdings, said the emergence of Heirs Technologies marks a significant milestone in their journey towards accelerating progress for future generations across Africa.

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“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,” he said.

Emmanuel Nnorom, chief executive officer of Heirs Holdings’ Group expressed his excitement about the launch while reiterating the company’s mission.

“We are embarking on a journey fueled by innovation and driven by purpose. Our mission isn’t solely about creating products; it’s about shaping the future of technology, one groundbreaking solution at a time,” he said.

“The launch of Heirs Technologies reaffirms Heirs Holdings’ steadfast commitment to invest in sectors that provide long-term returns and have the ability to transform Africa’s economy.

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

“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.

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

Heirs Holdings has a diverse portfolio spanning multiple sectors including financial services, energy, power, healthcare, real estate, hospitality and technology.

On March 4, 2024, Transnational Corporation (Transcorp) Plc announced the listing of its subsidiary, Transcorp Power Plc (TPP), on the Nigerian Exchange Limited (NGX).

The company is also under the chairmanship of Elumelu, Nigeria’s renowned entrepreneur.