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Key Points
- Owen Omogiafo, 44, is President and Group CEO of Transcorp Group, holding a $4 million stake in Transcorp Power Plc.
- Under Omogiafo’s leadership, Transcorp Group’s revenue surged 114% YoY in H1 2024, reaching $110 million.
- Omogiafo is recognized as one of Africa’s top 100 women in leadership, influencing various sectors beyond corporate success.
Nigerian business executive, Owen Omogiafo, exemplifies exceptional leadership. She has not only shattered glass ceilings and accumulated significant wealth but also reshaped the narrative of leadership and success for women in Africa.
At 44, Omogiafo is the President and Group CEO of Transcorp Group and holds a stake worth over $4 million in Transcorp Power Plc, a company she has played a crucial role in steering toward remarkable growth.
Career spanning over two decades
Omogiafo’s ascent to prominence reflects her extensive experience and expertise across diverse sectors, including financial services, hospitality, and energy.
With a solid educational foundation—earning a bachelor’s degree in Sociology and Anthropology from the University of Benin and a Master’s in Human Resource Management from the London School of Economics & Political Science—Omogiafo has shaped a distinguished career over the past two decades.
Her professional journey is highlighted by pivotal roles that paved the way for her current leadership position. She began her career at Accenture as an Organization and Human Performance Consultant, where she specialized in Change Management.
Omogiafo further refined her skills in human capital management while serving as the HR Advisor to the Group Managing Director at the United Bank for Africa Plc. She later assumed a leadership role as Director of Resources at Heirs Holdings, a Pan-African investment company, where she solidified her reputation as a strategic thinker and transformative leader.
Owen Omogiafo leads Transcorp Group to new heights
Owen Omogiafo’s rise to the helm of Transcorp Group—a diversified conglomerate with interests in hospitality, oil & gas, and power—has been truly groundbreaking. As both the first female and the youngest leader in the group’s history, her impact has been profound.
Under her leadership, Transcorp has not only grown but thrived, becoming the 18th most valuable listed company on the Nigerian Exchange (NGX) with a market capitalization of $283 million. The group’s total assets stand at $390 million, with retained earnings of $60 million as of June 30, 2024.
In H1 2024, the company’s revenue soared by 114 percent year-over-year, totaling $110 million and far exceeding investor expectations. This surge is largely driven by its energy unit’s exceptional performance, which has been a key factor in the group’s impressive financial results.
Owen Omogiafo’s $4 million stake in Transcorp Power revealed
One of Omogiafo’s standout achievements is her pivotal role in the spin-off and subsequent listing of Transcorp Power Plc, a key subsidiary of Transcorp Group. The decision to list Transcorp Power has proven exceptionally lucrative, with the company’s market capitalization soaring to $1.74 billion.
Since its debut on the NGX on Mar. 4, Transcorp Power’s share price has surged by more than 41 percent, underscoring robust investor confidence and the company’s impressive performance amidst a challenging economic landscape.
Demonstrating her confidence in the company’s future, Omogiafo holds a 0.23 percent stake in Transcorp Power, valued at over $4 million. This investment underscores her position as one of Nigeria’s wealthiest executives and one of the richest female leaders in the country.
Owen Omogiafo: Beyond corporate success
Beyond her corporate achievements, Owen Omogiafo’s influence extends to various boards and advisory roles. She serves on the boards of several notable companies, including Afriland Properties, Transcorp Power, TransAfam Power, and Abuja Electricity Distribution Company. Additionally, she plays a pivotal role on the Advisory Board of Heirs Academy and is the Vice President of the Lagos Business School Alumni Association.
Omogiafo’s leadership and achievements have not gone unnoticed. She has been recognized as one of Africa’s top 100 women in leadership and one of the 100 Most Influential African Women, highlighting her significant contributions to the business world and her role as a trailblazer for women across the continent.
