AfrexInsure, a specialist insurance management services subsidiary of the African Export-Import Bank (Afreximbank), made a strong impression at the 47th Organisation of Eastern and Southern Africa Insurers (OESAI) Conference & AGM held in Kampala, Uganda.
The high-level event brought together over 700 delegates from across the continent under the theme, “The Future of Customer Experience in Insurance.” AfrexInsure was represented by Mr. Jonas Mushosho, Chief Executive Officer, and Mr. Clemence Nyamutswa, ACII, MBA, BSc, CPS, Business Development Manager – East Africa.
Championing Innovation and Connectivity in African Insurance
During the conference, AfrexInsure showcased a suite of transformative solutions aimed at removing trade bottlenecks, enhancing risk management, and deepening collaboration across the African insurance value chain.
One of the key highlights was the introduction of the Pan-African Payment and Settlement System (PAPSS) — a landmark financial infrastructure enabling instant cross-border payments in local currencies. The system is designed to revolutionize the insurance and trade finance sectors by streamlining premium repatriation, claims settlements, and reinsurance transactions, thereby reducing reliance on hard currency and improving liquidity across markets.
AfrexInsure also spotlighted the Trans-Africa Bond Alliance (TABA) — an innovative initiative aimed at closing Africa’s insurance capacity gap. Through TABA, the institution seeks to strengthen the underwriting of large-scale infrastructure projects, empower regional contractors, boost intra-African trade, and advance the African Continental Free Trade Area (AfCFTA) agenda by fostering continental self-reliance and capacity retention.
Putting the Customer at the Center of Transformation
Speaking during the conference, CEO Jonas Mushosho emphasized that AfrexInsure’s mission is deeply rooted in customer-centric innovation and strategic partnerships.
“At AfrexInsure, we are redefining how insurance supports trade and investment across Africa,” Mushosho said. “By integrating technology, capacity building, and collaboration through initiatives like PAPSS and TABA, we are enabling a more seamless and inclusive experience for our clients, brokers, and reinsurers.”
Echoing this sentiment, Clemence Nyamutswa highlighted the need for continuous engagement between insurers, reinsurers, and businesses to deliver real value to customers.
“The future of insurance in Africa depends on how well we listen, adapt, and respond to our clients’ needs,” Nyamutswa stated. “AfrexInsure remains committed to enhancing customer experience by offering solutions that simplify transactions, increase transparency, and foster trust across borders.”
Driving Africa’s Insurance and Trade Integration Agenda
Through its active participation at OESAI 2025, AfrexInsure reaffirmed its commitment to building a resilient, connected, and customer-focused insurance ecosystem. The company continues to engage strategically with leading Pan-African insurers and reinsurers to unlock opportunities, strengthen capacity, and support the continent’s trade integration objectives.
As part of the Afreximbank Group, AfrexInsure aligns with the Bank’s broader mandate to bridge Africa’s $100 billion annual funding gap, catalyze investments, and create an enabling environment for sustainable intra-African trade.
“Our vision is to power a Global Africa — one where insurance and financial solutions are not barriers but enablers of growth,” Mushosho concluded.
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