Zimbabwean CE named among global leaders

By The NewsDay | Apr. 27, 2022 | 1 Min read

The organisation provides parametric insurance services to African Union member states and farmer organisations, employing innovative financing mechanisms to pool disaster-related risk.

BY BUSINESS REPORTER THE World Economic Forum has selected Zimbabwean, Lesley Ndlovu, as one of the Young Global Leaders for 2022.

Ndlovu, the chief executive of African Risk Capacity Limited (ARC Ltd), is among 109 representatives from across the world that have joined the Young Global leader’s class of 2022.

ARC Ltd is a hybrid mutual insurer and affiliate of the African Risk Capacity Group.

The organisation provides parametric insurance services to African Union member states and farmer organisations, employing innovative financing mechanisms to pool disaster-related risk.

“The World Economic Forum is delighted to welcome this year’s class of Young Global Leaders. Their commitment to improving the state of the world is crucial at a time where collaboration is needed more than ever,” said Nicole Schwab, board member of the Forum of Young Global Leaders in a statement.

“The leaders celebrated today have demonstrated exceptional ingenuity and vision across their fields. While they represent diverse sectors, regions and issue areas, they are united in their commitment to lead towards a more inclusive and sustainable world,” said Mariah Levin, head of the Forum of Young Global Leaders.

Ndlovu said the recognition would help spur the work of ARC Ltd.

“Insurance plays a critical role in transferring this risk away from the most vulnerable people to the global reinsurance markets such that when a drought happens, insurance claims can be quickly paid to the affected people to allow them to resume their economic activities with minimum disruption.