Heirs Holdings Appoints Alli Non-Executive Director

Hamid Ayodeji

Pan-African investment company, Heirs Holdings (HH) yesterday announced the appointment of Andrew Alli to its Board of Directors.

The appointment became effective on August 26, 2021.

A statement explained that Alli brings considerable experience in senior management and multi-sector investment across the African continent.

He served as the President/CEO of the Africa Finance Corporation (AFC), where he oversaw the institutions’s growth from a start-up to a world-class institution, and catalyst for African funded infrastructure projects across the continent.

Prior to this role, he held a series of positions in investment banking and with the International Finance Corporation (IFC) in South Africa and Nigeria.

“The appointment comes as Heirs Holdings’ investment portfolio accelerates its ambitious expansion in energy and infrastructure, across Africa. Recently, Heirs announced the launch of its mass retail insurance play, demonstrating its determination to improve lives and transform Africa,” it added.

The Chairman, Heirs Holdings, Tony Elumelu, was quoted to have welcomed Andrew to the Board.

According to Elumelu, with his track record of leading and overseeing the expansion of the AFC, “we know that Andrew will bring to the board a valued perspective and insight, as we scale up our businesses while positively impacting lives across Africa.”

On his part, Alli said: “I am excited to join the board of Heirs Holdings, an organisation that is uniquely positioned to achieve multi-sectoral growth, while driving sustainable economic development across the continent. I look forward to contributing to the achievement of HH’s vision and mission”.

Heirs Holdings is a leading pan-African investment company. Its investment portfolio spans the power, oil and gas, financial services, hospitality, real estate, and healthcare sectors, operating in twenty-three countries worldwide.

Heirs Holdings is inspired by Africapitalism, the belief that the private sector is the key enabler of economic and social wealth creation in Africa. Driven by this philosophy, Heirs Holdings invests for the long-term, bringing strategic capital, sector expertise, a track record of business success and operational excellence to companies we invest in.

Heirs Holdings is committed to improving lives and transforming Africa through its investment in the private sector and its philanthropic arm, The Tony Elumelu Foundation, which catalyses entrepreneurship across Africa. Through the US$100m Tony Elumelu Foundation Entrepreneurship Programme, funded by Heirs Holdings, and its advocacy and research initiatives, the Tony Elumelu Foundation empowers thousands of African entrepreneurs, across all 54 African countries, eradicates poverty and catalyses job creation on the continent.