{"id":467730,"date":"2020-02-10T12:03:39","date_gmt":"2020-02-10T11:03:39","guid":{"rendered":"https:\/\/www.kapitalafrik.com\/?p=467730"},"modified":"2020-02-10T12:03:39","modified_gmt":"2020-02-10T11:03:39","slug":"mr-lesley-ndlovu-is-the-new-ceo-of-african-risk-capacity-insurance-limited","status":"publish","type":"post","link":"https:\/\/www.financialafrik.com\/en\/2020\/02\/10\/mr-lesley-ndlovu-is-the-new-ceo-of-african-risk-capacity-insurance-limited\/","title":{"rendered":"Mr. Lesley Ndlovu is the new CEO of AFRICAN RISK CAPACITY INSURANCE Limited"},"content":{"rendered":"
<\/div>

The African Risk Capacity Limited (the ARC Ltd) has appointed Mr. Lesley Ndlovu as its new Chief Executive Officer following the expiration of the tenure of Ms Dolika Banda, the former CEO, under whose tenure the company recorded impressive growth of its disaster risk pool portfolio.<\/p>\n

Mr. Ndlovu was the former CEO of AXA Africa Specialty Risks, a Lloyd\u2019s of London insurance syndicate and has extensive international experience spanning 14 years across corporate finance, audit, tax advisory, insurance and investment management sectors in several countries including Bermuda, Singapore, France and the United Kingdom.<\/p>\n

As CEO, Mr Ndlovu will work under the guidance of the ARC Ltd Board in defining and implementing the ARC Ltd\u2019s strategic vision and will be accountable for its financial sustainability. Mr. Ndlovu will have full strategic, financial and operational accountability for
\ntaking the company forward and growing pool membership, among other key roles.<\/p>\n

\u201cWe are deeply appreciative and grateful to Ms. Dolika Banda for her selfless hard work, leadership and sterling commitment to ARC\u2019s mission throughout her tenure in the past three years which helped see the Agency through many challenges in the start-up phase\u201d, said the Board Chairman, Mr Dele Babade. \u201cWe have reasonable expectations that Mr. Ndlovu will leverage his expertise, vast experience, deep knowledge and impressive networks to chart a new path with good partnerships to ensure that ARC remains a continental leader in disaster risk management and financing\u201d, he added.<\/p>\n

Mr. Ndlovu is a graduate of the University of Oxford in England and at the Institut Europ\u00e9en d’Administration des Affaires (INSEAD) in France. He is a CFA charter holder, a member of the Institute of Chartered Accountants of England & Wales and a member of the Institute of Directors.
\nThe appointment take effect from March 1st, 2020.<\/p>\n

The ARC Ltd is a financial affiliate of the African Risk Capacity (ARC), which is a Specialised Agency of the African Union established to assist member states in tackling the impact of natural disasters on vulnerable<\/p>\n

people. ARC transfers the burden of weather and other natural disaster risks away from governments, enabling them to build resilience and better plan, prepare, and respond to extreme events. It is a ground- breaking public-private partnership that focuses on facilitating economic development in Africa and empowering governments to protect their vulnerable populations from the impact of natural disasters through the provision of sovereign insurance. Seeded by the UK\u2019s UK Department of International Development (DFID) and Germany\u2019s BMZ through KFW, ARC Ltd is a mutual insurance company that will eventually be wholly owned by African sovereigns.<\/p>\n

<\/div>","protected":false},"excerpt":{"rendered":"

The African Risk Capacity Limited (the ARC Ltd) has appointed Mr. Lesley Ndlovu as its new Chief Executive Officer following the expiration of the tenure of Ms Dolika Banda, the former CEO, under whose tenure the company recorded impressive growth of its disaster risk pool portfolio. Mr. Ndlovu was the former CEO of AXA Africa<\/p>\n","protected":false},"author":536282,"featured_media":467733,"comment_status":"open","ping_status":"closed","sticky":false,"template":"","format":"aside","meta":{"pmpro_default_level":"","jetpack_post_was_ever_published":false,"_jetpack_newsletter_access":"","_jetpack_dont_email_post_to_subs":false,"_jetpack_newsletter_tier_id":0,"_jetpack_memberships_contains_paywalled_content":false,"translated_post_url_fr":"","_jetpack_memberships_contains_paid_content":false,"footnotes":"","jetpack_publicize_message":"","jetpack_publicize_feature_enabled":true,"jetpack_social_post_already_shared":true,"jetpack_social_options":{"image_generator_settings":{"template":"highway","default_image_id":0,"font":"","enabled":false},"version":2}},"categories":[12591,16200,12067],"tags":[16334,16333],"class_list":{"0":"post-467730","1":"post","2":"type-post","3":"status-publish","4":"format-aside","5":"has-post-thumbnail","7":"category-feature","8":"category-insurance","9":"category-managers-en","10":"tag-african-risk-capacity-insurance-limited","11":"tag-mr-lesley-ndlovu","12":"post_format-post-format-aside","13":"pmpro-has-access"},"yoast_head":"\nMr. Lesley Ndlovu is the new CEO of AFRICAN RISK CAPACITY INSURANCE Limited - Financial Afrik<\/title>\n<meta name=\"description\" content=\"Headed by Adama Wade and his team of 20 journalists, Kapital Afrik offers strategic and financial information to executives and managers. 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