Heirs Holdings Subsidiaries Ranked Among Africa’s Fastest-Growing Companies by Financial Times
Heirs Holdings has strengthened its reputation as one of Africa’s leading investment groups after three of its subsidiaries earned spots on the prestigious 2026 Financial Times Africa’s Fastest-Growing Companies ranking. The recognition highlights the group’s growing influence across insurance, fintech, and financial services, while reinforcing its commitment to innovation and economic development across the continent.
The annual ranking, published by the Financial Times in partnership with Statista, celebrates African companies recording exceptional revenue growth, market expansion, and economic impact. Among the standout performers from the Heirs Holdings portfolio was Heirs Life Assurance, which secured the seventh position with an impressive Compound Annual Growth Rate (CAGR) of 147.85 percent. Redtech followed at 32nd with a CAGR of 69.66 percent, while Heirs General Insurance ranked 41st with a CAGR of 60.02 percent.
According to the company, the achievement reflects the strength of the Heirs Holdings ecosystem and validates its long-term investment strategy focused on innovation, infrastructure development, financial inclusion, and sustainable value creation. The recognition also shines a spotlight on Africapitalism — the business philosophy championed by founder and chairman Tony Elumelu — which promotes the role of Africa’s private sector in driving economic growth and social transformation.
In recent months, the group has accelerated innovation across its portfolio. Heirs Life Assurance and Heirs General Insurance introduced what they described as Nigeria’s first multi-language GenAI insurance assistant, a move aimed at improving customer experience and digital accessibility in the insurance industry. The group also hosted the inaugural Heirs Insurance Travel Festival, designed to advocate fairer visa policies, stronger bilateral partnerships, and a more inclusive travel ecosystem for Africans.
Redtech also continued its rapid expansion in the fintech space, revealing that it has processed more than $27 billion (N37.2 trillion) in transactions — more than triple the figures recorded at the end of 2024. The company recently partnered with MoMo PSB and United Bank for Africa to expand merchant payment access across Nigeria. With over 55,000 RedPay POS terminals deployed in just 16 months and payment infrastructure now active across five UEMOA countries, Heirs Holdings says the recognition reflects the growing ability of African businesses to build globally competitive solutions while driving innovation, inclusion, and economic transformation across the continent.
source: The Guardian