AfrexInsure Appoints Lesley Ndlovu as CEO
AfrexInsure has appointed Lesley Ndlovu as its new Chief Executive Officer, marking a key leadership transition as the company strengthens its role in supporting trade and investment across Africa.
The appointment, announced on Monday, will see Ndlovu succeed Jonas Mushosho. The move comes as the insurance firm seeks to expand its capacity to provide specialised risk solutions for trade-related investments on the continent.
AfrexInsure is a wholly owned subsidiary of the African Export-Import Bank, commonly known as Afreximbank.
Ndlovu, a national of Zimbabwe, brings extensive experience from leading global insurance institutions, including AXA Specialty, African Risk Capacity and AXIS Capital.
According to the company, his appointment comes at a critical stage as AfrexInsure moves from its start-up phase towards expansion, with a focus on strengthening governance, innovation, regulatory compliance and risk management.
Throughout his career, Ndlovu has led multidisciplinary teams in complex insurance markets, developing specialised products designed to address evolving risk environments. His experience is expected to support the company’s efforts to design tailored insurance solutions for Africa’s growing trade sector.
Trade flows across the continent often face challenges such as limited risk capacity, high insurance costs and dependence on offshore underwriting markets. AfrexInsure aims to address these constraints by developing locally anchored insurance solutions to support trade and investment.
Commenting on his appointment, Ndlovu said he was honoured to take up the leadership role at a transformative moment for the organisation.
“AfrexInsure represents far more than an insurance subsidiary; it embodies a strategic imperative to address one of Africa’s most persistent trade barriers – the scarcity of well-capitalised risk mitigation solutions anchored on the continent,” he said.
He added that the company would work to strengthen its position as a key component of Africa’s trade ecosystem by supporting businesses and investments through innovative risk solutions.
Meanwhile, President and Chairman of the Board of Directors of African Export-Import Bank, George Elombi, expressed confidence in Ndlovu’s leadership.
“With a solid track record in specialty insurance and a strong commitment to Africa’s economic transformation, we are confident that Lesley will advance the mandate of AfrexInsure in managing trade-related risks while retaining insurance premiums within the continent,” Dr Elombi said.
AfrexInsure forms part of the broader Afreximbank Group, which plays a central role in financing and promoting intra-African and global trade.
