Three portfolio companies under Heirs Holdings have emerged among Africa’s top 50 fastest-growing businesses in the 2026 Financial Times Africa’s Fastest-Growing Companies ranking, reinforcing the group’s position as one of the continent’s leading investment firms.

Published yearly by the Financial Times in partnership with Statista, the ranking recognises companies driving strong revenue growth, innovation, market expansion and economic impact across Africa.

Among the companies recognised were Heirs Life Assurance, ranked seventh with a Compound Annual Growth Rate (CAGR) of 147.85 per cent, Redtech, which ranked 32nd with a CAGR of 69.66 per cent, and Heirs General Insurance, ranked 41st with a CAGR of 60.02 per cent.

The recognition, according to the group, reflects the growing strength of the Heirs Holdings ecosystem and validates its long-term investment strategy focused on innovation, financial inclusion, infrastructure development and sustainable value creation across Africa.

The company said the milestone also reinforces the impact of Africapitalism, the philosophy introduced by Chairman and Founder, Tony Elumelu, which positions Africa’s private sector as a major driver of economic transformation, business growth and social development across the continent.

Across its portfolio, the group said it continues to build and expand businesses delivering innovation and measurable impact in sectors such as insurance, technology, payments and financial services.

As part of its recent innovations, Heirs Life Assurance and Heirs General Insurance, both members of the Heirs Insurance Group, launched what the company described as Nigeria’s first multi-language GenAI insurance assistant.

The group said the development positions it at the forefront of insurance innovation in Africa.

It also noted that the Heirs Insurance Group recently hosted the inaugural Heirs Insurance Travel Festival, described as the first travel insurance festival in Nigeria.

According to the company, the festival served as a platform advocating fairer visa policies, stronger bilateral agreements and a more inclusive travel ecosystem for Africans.

In the fintech and payments sector, Redtech disclosed that it has processed over $27 billion, equivalent to N37.2 trillion, in transactions to date. The figure is more than triple the over $8.9 billion, equivalent to N12 trillion, processed by the end of 2024.

The company also recently partnered with MoMo PSB and United Bank for Africa to expand merchant payment access across Nigeria.

Redtech said it has deployed more than 55,000 RedPay POS terminals within 16 months across merchant locations nationwide.

The company added that its RedPay infrastructure currently supports payments across five UEMOA countries, including Benin, Burkina Faso, Côte d’Ivoire, Mali and Senegal, strengthening cross-border payment accessibility and digital financial infrastructure across West Africa.

Heirs Holdings said the Financial Times recognition highlights the ability of African businesses to build globally relevant solutions while driving innovation, inclusion and economic transformation at scale.

The company described itself as a leading pan-African investment company with interests spanning financial services, power, healthcare, hospitality, real estate and technology, adding that it remains committed to improving lives and transforming Africa through strategic long-term investments.