AfrexInsure Appoints Lesley Ndlovu as CEO to Drive Next Growth Phase

AfrexInsure has appointed Lesley Ndlovu as its new Chief Executive Officer, in a move aimed at accelerating the company’s expansion and strengthening its position within Africa’s trade and investment insurance landscape.

The appointment, confirmed in an official statement by the company, signals a strategic shift as AfrexInsure moves from its early operational phase into a broader growth and scale-up stage. The firm, which operates as the insurance arm of African Export-Import Bank, plays a key role in supporting trade and investment flows across the continent by providing risk mitigation solutions.

Ndlovu succeeds the outgoing chief executive and is expected to lead the company’s next phase of development, focusing on deepening market penetration and enhancing product offerings across multiple African markets.

Related News:

• UBA Appoints Loknath Mishra as CEO of UK Subsidiary
• Meet Uchechukwu Igbokwe, New Acting CEO of Cutix Plc

Industry reports indicate that his appointment comes at a time when demand for trade credit insurance and risk management solutions is rising, driven by increased cross-border trade activities and evolving economic dynamics across Africa. AfrexInsure is positioned to play a central role in this space by supporting businesses and financial institutions in managing trade-related risks.

Ndlovu brings extensive experience in the global insurance and financial services sector, having held senior leadership roles across several international markets. His track record spans underwriting, risk management, and corporate strategy, with a strong focus on emerging markets and Africa’s insurance ecosystem.

Before his appointment, he held executive positions in leading insurance institutions, where he was involved in driving growth strategies, building partnerships, and expanding market reach. His experience is expected to support AfrexInsure’s ambition to scale its operations and strengthen its relevance in facilitating intra-African trade.

According to industry platforms such as Global Trade Review and Financial Afrik, the leadership change reflects AfrexInsure’s intent to consolidate its operations and transition into a more mature, growth-focused institution.

The company is also expected to leverage Ndlovu’s expertise to enhance its risk underwriting capabilities and broaden its insurance solutions tailored to African markets. This includes supporting exporters, financial institutions, and corporates seeking protection against payment defaults and political risks.