Corporate Overview
(“GBL”) and an Insurance Manager License and is regulated by the Financial Services Commission (FSC).
AfrexInsure Objectives
Develop specialty insurance on the African Continent
Partner with Pan African (Re)insurers, thus providing African solutions for African business problems
Keep specialty insurance premiums on the African continent
Provide bankable specialty insurance for trade and trade related investments
Mission & values
To support African businesses with access to high quality specialty insurance solutions for trade and trade-related investments across Africa, and in doing so, operating as a first-class, profit-orientated, socially responsible financial institution and a “Centre of Excellence in African Insurance Matters”
At AfrexInsure, we combine a deep understanding of the African market with the highest quality insurance solutions to support the growth and prosperity of Africa.
“By reducing the risk of transactions or investments, insurance can help drive forward business strategy for those engaged in intra-African trade and enable global partners to further their commercial interests and ambitions in Africa,”
EVP Intra-African Trade Bank
Mrs. Kanayo Awani
Our Vision for
the Future
We acknowledge the relatively low insurance
penetration in Africa compared to other regions.
AfrexInsure is therefore committed to addressing this challenge. By retaining insurance premiums in Africa, we contribute to reinvesting in the continent, fostering economic and trade development for the prosperity of the entire continent.
Board of Directors
Kee Chong Li
Wong Wing
Chairman of The Board
Kee Chong Li
Wong Wing
Chairman of the Board
Mr. K.C Li, Economist, is currently Chairman of AfrexInsure and sits on the Boards of various international financial institutions as an Independent Director. He is holder of a B.Sc. (Econ) from the London School of Economics and an LLM in International Tax Law. He started his professional career in 1974 as a Lecturer in Public Finance at the University of Mauritius. Afterwards, he held prominent positions in the Mauritius public sector, including Advisor to the Minister of Finance and Chairman of the Stock Exchange Commission.
He launched the first Unit Trust and the first Property Fund in Mauritius in 1989. K.C. LI was a Board member of the State Trading Corporation, the National Remuneration Board and the National Economic and Social Council. He also sat on the Council of the University of Mauritius and the Financial Services Consultative Council. K.C. LI was an external lecturer for the University of Surrey School of Management (UK) and has published numerous reports and articles on cooperative banking, project management, development finance, structural adjustment, and fiscal planning issues.
In 1992, Mr. Li started his private consulting firm and served as a Consultant to the United Nations Economic Commission for Africa (UNECA) and the U.N. Industrial Development Organization (UNIDO). In 1993, he founded the Mauritius International Trust Co. Ltd (MITCO), one of the first professional firms licensed to provide international tax and investment advisory services in Mauritius. He was also a Member of the Parliament of Mauritius (2010-2014) and sat on the Public Accounts Committee.
In 2015, Mr K.C Li was awarded the national honour of ‘Grand Officer of the Star and Key’ (GOSK) of the Indian Ocean by the Republic of Mauritius for distinguished services in the economic, social, and political fields. In May 2018, he was granted the ‘Lifetime Achievement’ Award by the Banker Africa for his outstanding contribution to the financial sector in Mauritius and Africa. He sits on the Board of Directors of several Emerging Markets Funds and Asia Hedge Funds, including Private Equity, Infrastructure and Real Estate Funds in Africa & Asia. He is currently a Board Director of Afreximbank (based in Cairo).
Amr Mohamed Ali Kamel
Non Executive Director
Amr Mohamed Ali Kamel
Non Executive Director
Mr. Kamel holds a Bachelor of Arts degree majoring in Economics from the American University in Cairo, Egypt, in 1985; and an MBA in Financial Management from City University of New York, USA, in 2001. He has 26 years of banking experience that started immediately after graduation in 1985, during which he worked in four banks, namely: Bank of Credit & Commerce from 1985 until 1991; Bank of America from 1991 until 1994; Chemical Bank (currently J.P. Morgan Chase) from 1994 until 1995 where he was Chief Dealer. Mr Kamel joined the African Export-Import Bank in 1995. His experience spans many banking functions ranging from structured trade finance, documentary credits, operations, loan administration and agency, treasury, marketing, and business development. He joined the Bank as a Senior Operations Associate. He rose through the ranks to the position of Director, Banking Operations in January 2011 and was promoted to Executive Vice President – Business Development & Corporate Banking in 2016.
Kofi Asumadu
Addo
Kofi Asumadu Addo
Non Executive Director
Mr. Kofi Asumadu holds a Bachelor of Science degree in Commerce from the University of Cape Coast, Ghana; a Master of Science in Corporate Management & Finance from Université Paris I, Panthéon-Sorbonne, France, and a CFA Level 2 from CFA Institute. He has 26 years of banking experience. Prior to joining the African Export-Import Bank, he held various positions at Ghana Commercial Bank Plc. Mr. Asumadu joined the Bank in November 2008 as Manager Special Funding Unit.
Kesaven
Moothoosamy
Non Executive Director
Kesaven Moothoosamy
Non Executive Director
Kesaven is a seasoned finance professional with nearly two decades of experience in the Mauritius financial services industry. Mr. Kesaven is currently an executive director of Intercontinental Trust Ltd focusing on client relationship management, strategy formulation and implementation and overseeing global business operations.
He was one of the founding executive directors of Perigeum Capital Ltd, the First licensed corporate finance advisory firm in Mauritius until December 2023. Prior to that, He was a Senior Manager heading the Fund and Capital Market advisory division of Intercontinental Trust Ltd. He has worked in fund structuring and administration, investment evaluation and financial structuring, strategic transaction advisory, business valuation, deal origination, negotiation, and execution, equity/debt capital raising, mergers and acquisitions, and securities exchange listing.
He graduated from the University of Mauritius with a BSc (Hons) in Accounting with Information System and has an MBA with a focus on Leadership and Innovation from the Ducere Business School, Australia. He followed it with an inspiring leadership programme from the Manchester Business School, UK. He is also a fellow of the Association of Chartered Certified Accountants UK (FCCA), a member of the Mauritius Institute of Professional Accountants (MIPA) and Member of the Mauritius Institute of Directors. (MIoD).
Lakshmana
Lutchmenarraidoo
Non Executive Director
Lakshmana
Lutchmenarraidoo
Non Executive Director
Lakshmana (Kris) holds a Banking Diploma from Finafrica Institute. He worked for the State Bank of Mauritius between 1973 and 1986, which he left as Assistant General Manager. He set up the Mauritius Leasing Company as General Manager before being later appointed as Managing Director in 1997. He was President of the Financial Services arm of the British American Group from 1999 to 2002.
Kris was Executive Chairman of The Mauritius Post Ltd in 2002 and also served as CEO of the Mauritius Post and Cooperative Bank Ltd from 2003 to 2005. Kris took various leadership roles in the insurance and non-banking financial services sectors such as:
- Group CEO of Mauritius Union Assurance Mauritius (2011 – 2014),
- Group Managing Director of Phoenix of East Africa Assurance (2014 – 2016),
- General Manager of La Prudence Assurance (2016 – 2017),
- CEO of La Prudence Leasing, and CEO of SBM (NBFC) Holdings (2017 -2020).
Kris is an independent Director of ABC Banking Corporation, and Chairman of Kwale International Sugar Company Limited, a company based in Kwale County, KENYA.
Jonas
Mushosho
CEO
Jonas Mushosho
CEO
Jonas is an experienced business leader with experience in both the private and public sectors; his experience spans over 30 years. He has led multi-national portfolios in different lines of business, particularly in financial services. He is known for his business knowledge, outstanding leadership, experience, execution, and track record of turnaround of several distressed businesses. Prior to joining AfrexInsure Jonas was Managing Director for Old Mutual Rest of Africa, heading operations in 12 countries in Southern, Eastern and Western Africa comprising of five different lines of business, he also doubled as Group CEO for Old Mutual Zimbabwe Limited. Before this, he held several roles, such as MD, CFO, General Manager, among others in Old Mutual. Jonas also worked in several roles up to Deputy Commissioner for Taxes for the Department of Taxes in Zimbabwe. Jonas is a former board member and chairman of several entities, currently, he sits on the boards of Delta Corporation Ltd, Zimbabwe Open University, Equity Group Holdings Plc, AfrexInsure and Brooks & Oracles. Jonas is a Chartered Accountant (CA)Z, (CA) SA and a Fellow of the Institute of Chartered Secretaries and Administrators. He holds an MBA (UZ), a Bachelor of Accountancy (UZ), and a B Compt Hons (UNISA). He also holds several other qualifications, such as the International Directors Program and Channel Leadership Program (both from Insead Business School, France), General Management Program (Harvard Business School, Massachusetts), Old Mutual Global Leadership Program (London Business School, England), and a Management Development Program (UCT Graduate Business School)
AfrexInsure Team
Jonas
Mushosho
CEO
Jonas Mushosho
CEO
Jonas is an experienced business leader with experience in both the private and public sectors; his experience spans over 30 years. He has led multi-national portfolios in different lines of business, particularly in financial services. He is known for his business knowledge, outstanding leadership, experience, execution, and track record of turnaround of several distressed businesses. Prior to joining AfrexInsure Jonas was Managing Director for Old Mutual Rest of Africa, heading operations in 12 countries in Southern, Eastern and Western Africa comprising of five different lines of business, he also doubled as Group CEO for Old Mutual Zimbabwe Limited. Before this, he held several roles, such as MD, CFO, General Manager, among others in Old Mutual. Jonas also worked in several roles up to Deputy Commissioner for Taxes for the Department of Taxes in Zimbabwe. Jonas is a former board member and chairman of several entities, currently, he sits on the boards of Delta Corporation Ltd, Zimbabwe Open University, Equity Group Holdings Plc, AfrexInsure and Brooks & Oracles. Jonas is a Chartered Accountant (CA)Z, (CA) SA and a Fellow of the Institute of Chartered Secretaries and Administrators. He holds an MBA (UZ), a Bachelor of Accountancy (UZ), and a B Compt Hons (UNISA). He also holds several other qualifications, such as the International Directors Program and Channel Leadership Program (both from Insead Business School, France), General Management Program (Harvard Business School, Massachusetts), Old Mutual Global Leadership Program (London Business School, England), and a Management Development Program (UCT Graduate Business School)
Alson
Nhari
Manager – Insurance Solutions
Alson Nhari
Manager – Insurance Solutions
Alson is an insurance professional with 15 years’ of experience covering Insurance Broking, Reinsurance, Risk Management, Business Development and Marketing. Before joining AfrexInsure, he worked as a Head of Business Development in a Reinsurance Company in Southern Africa, Headed Operations at WFDR Risk Services (formerly Alexander Forbes), and was a Regional Manager at Marsh Zambia Limited. Alson also worked as a Portfolio Manager at Alexander Forbes and as an Account Advisor at Aon Zimbabwe, among other roles. He is a Past President of the Insurance Institute of Harare and a former board member of the Insurance Institute of Zimbabwe. Alson is currently a Business Development Manager at AfrexInsure. Alson holds an Executive MBA (AU), an MSc in Business Strategy (CUT), a Bachelor of Commerce honours degree in Risk Management & Insurance (NUST), and an Advanced Certificate in Short Term Insurance (Milpark Business School). He is also a Wits Business School (EDP) graduate where he led the Best Syndicate and was awarded Best Student prize. Alson is an Associate of the Insurance Institute of South Africa (AIISA), the Insurance Institute of Zimbabwe (AIIZ) and the Risk Management Institute of South Africa (AIRMSA).
Nana
Odei
Manager – Insurance Solutions
Nana Odei
Manager – Insurance Solutions
Nana, with over 16 years’ experience as an insurance broker, working through the various phases of the brokerage space. He has diverse experience in Technical Risk Analysis, Sales and Marketing, Claims Management, Underwriting and exposure to reinsurance brokerage. Nana has spent a greater portion of his career working on global programs with global giants such as Marsh, AON, Lockton and Gallagher. Nana holds a Master’s in Business Administration from the Swiss Business School. He also holds a Bachelor’s degree in Psychology from the University of Ghana, as well as an Advanced Diploma in Insurance Studies and is also a member of the Chartered Insurance Institute, United Kingdom. Nana, prior to joining AfrexInsure was the Executive Director of Ascoma Ghana (a subsidiary of Chedid Capital) and doubled as the deputy to the Hub CEO providing technical advise to him in the management of Ascoma Togo and Ascoma Benin.
Christine
Serguios
Group Support
Christine Serguios Ebeid
Group Support
Christine has a French language and literature background, having graduated from the Faculty of Arts at Cairo University in 2016. She obtained a cumulative grade of “Good” during her time at the university. She also holds a Professional Diploma in French/Arabic Translation. Prior to attending University, she completed her General Certificate of Secondary Education at College Du Bon Pasteur. Currently, she is studying for an MBA at Rome Business School. In terms of work experience, Christine has held various positions in different industries; she worked as a Customer Experience Officer at AXA One Health and as a Customer Care Coordinator at the same company. Prior to joining AXA One Health, she served as an Event Coordinator at Ecole Oasis Internationale and as a Tour Operator & Tour Leader at Voyageurs Du Monde. Overall, Christine has a diverse range of experiences in customer service. Christine is currently in Group Support at AfrexInsure.
Clemence Mabasa Nyamutswa
Manager – Insurance
Solutions
Clemence Mabasa
Nyamutswa
Manager – Insurance Solutions
Clemence is an experienced insurance practitioner and has passion for customer experience and relationship management having worked in the insurance industry for more than sixteen (16) years covering Business Development, Sales and Marketing, Underwriting, Claims, Risk Management, Reinsurance, and Credit Control. Before joining AfrexInsure, he worked as Sales and Marketing Manager for a short-term general insurance company in Southern Africa, Headed branch operations for a short-term insurance company in Southern Africa. Clemence is currently a Business Development Manager at AfrexInsure.
Clemence holds a Master of Business Administration (MBA) and Advance Diploma in Strategic Management from University of Gloucestershire United Kingdom, Advanced Diploma in Insurance from the Chartered Insurance Institute United Kingdom (ACII), BSc Honours in Applied Mathematics from NUST Zimbabwe, Certificate in Micro-Insurance from Turin (Italy), a certificate in Public Speaking (ZIM).
Our Footprint
Cairo
Cairo
Egypt
Abidjan
Abidjan
Côte d’ivoire
Harare
Zimbabwe
Abuja
Abuja
Nigeria
Yaoundé
Yaoundé
Cameroun
Kampala
Kampala
Uganda
Our Footprint
Cairo
Egypt
Abidjan
Côte d’ivoire
Harare
Zimbabwe
Abuja
Nigeria
Yaoundé
Cameroun
Kampala
Uganda
The sole shareholder of AfrexInsure is the African Export–Import Bank, also referred to as Afreximbank, a pan-African multilateral trade finance institution based in Egypt. The Bank was established in October 1993 by African governments, African private and institutional investors, and non-African investors. Afreximbank’s Investment grade rating from three global/international rating agencies is GCR (A, Stable) | Moody’s (Baa1, Stable | Fitch (BBB, Stable) | JCR (A-)
Our Partners
