AfrexInsure appoints Lesley Ndlovu as New Chief Executive Officer

AfrexInsure, the wholly owned specialty insurance subsidiary of the African Export-Import Bank (Afreximbank), has announced the appointment of Lesley Ndlovu as its new Chief Executive Officer, effective 2026.

He succeeds Jonas Mushosho at a pivotal moment in the company’s evolution.

The appointment comes as AfrexInsure accelerates its mission to deliver tailored insurance solutions for trade and trade-related investments across Africa. With trade flows often constrained by limited risk capacity, high insurance costs, and reliance on offshore markets, AfrexInsure’s role is increasingly vital in building locally anchored risk mitigation programs

A Zimbabwean national, Ndlovu brings a distinguished career spanning leading insurance institutions such as AXA Specialty, African Risk Capacity (ARC), and AXIS Capital. His expertise in governance, underwriting discipline, and market-responsive product development positions him to steer AfrexInsure through its transformation from start-up to scale-up.

“I am deeply honored to assume the role of Chief Executive Officer at AfrexInsure at this transformative juncture. Together, we will ensure that AfrexInsure becomes a cornerstone of Africa’s trade ecosystem, supporting the continent’s economic transformation one risk solution at a time,” said Ndlovu

Dr. George Elombi, President and Chairman of Afreximbank’s Board of Directors, emphasized the strategic importance of the appointment: “With a solid track record in specialty insurance and commitment to Africa’s economic transformation, we are confident that Lesley will advance the mandate of AfrexInsure—managing risks associated with trade through local capacity with an aim to retain premiums within the continent.”