As published in Achiever Magazine by Keletso Nyareli on November 15th 2017
Minet Lesotho, previously Aon Lesotho, on Monday launched its risk, reinsurance and human resources advisory operation, marking the beginning of an enhanced offering to support the Lesotho and greater African market.
According to Africa CEO of Minet group Joe Onsando, in February 2017, Aon plc announced its decision to change the ownership structure of its operations across 10 Sub-Saharan countries including Uganda, converting what were once owned entities into Aon’s largest global correspondent network. He added that this process has now been completed and effective from the 3rd of November the stipulated conditions have been met in six out of the ten counties. The six countries are Kenya, Lesotho, Malawi, Namibia, Uganda and Zambia.
“The transaction spans across 10 countries and regulatory approvals for the remaining countries are expected in the first quarter of 2018.” Said Onsando.
The new group will trade as Minet, a well-known and trusted brand across Africa, and will become Aon’s largest Global Network Correspondent. Aon employees in these countries as well as key senior leadership, who have extensive industry experience and knowledge of their clients’ operations will remain part of the operations that Capitalworks has acquired ensuring leadership, continuity and stability for clients and colleagues alike.
COO and CFO of Minet Lesotho, said there was an ever increasing need to provide risk, reinsurance and related human resource advisory solutions to companies operating in Lesotho, and the agility that the transaction provides will place Minet Lesotho in the best possible position to service the growing and expanding middle class market.
“We at Minet would like to provide our assurance that you will continue to receive the same exceptional service you have come expect from Aon, backed by its global depth of expertise combined with our in-market expertise and added agility.” Said Leboela. “We believe that combined with Aon’s global capabilities and the support of its investor Capitalworks, Minet will leverage its expertise and economies of scale to bring clear benefits for our clients.” Added Leboela.
Principal Secretary of Finance Malisebo Mokela revealed that Minet group has 890 employees and 27 of them are in Lesotho pointing that Lesotho is therefore the very important market for Minet’s growth in Africa. “Our 27 employees are servicing customers across key sectors of the economy such as agriculture, mining, infrastructure, retail and the public sector and will continue to do so.” Said Mokela. “We are looking forward to unlocking growth sector by leveraging cutting edge of technology and delivering solutions that solve our customer’s challenges.” Concluded Mokela.
Minet Group Chairman and Principal at Capitalworks Garth Willis said they will be working alongside Minet’s management to build on the Aon heritage as trusted partner to clients in protecting the future of their people and assets in Africa. He stipulated that they are specifically looking to take advantage of opportunities to find solutions for the various local market needs and securing Africa’s growing middle class.
“Capitalworks is looking forward to partnering with the Minet management team that has grown the Group to be the largest risk and Human capital advisory network on the continent,” said Willis.