OLEA Botswana officially launches
Mbongeni Mguni | Thursday July 9, 2026 13:45
OLEA Insurance Solutions, a pan-African group, received regulators’ approval to wholly takeover and rebrand Marsh Botswana last December.
Marsh Botswana, an entity with a more than 40-year history in Botswana, is amongst the major players in the insurance brokerage industry.
Speaking at the launch earlier today, OLEA group CEO, Olivier Canuel, said certain key factors had attracted the group to seek a takeover in Botswana.
“We have been attracted by the economic and political stability in Botswana and we have full confidence in the people and culture of Botswana. “We have full confidence and excitement at the investment we have made in this great country,” he said.
Established in 2017, OLEA started operations in Cote d'Ivoire, Ivory Coast, Berlin, and Cameroon. Today, the group has 27 subsidiaries and 12 partners across Africa, with over more than 900 employees on the continent. Growth has come through buyouts of brokerages and the opening of greenfield subsidiaries.
Canuel said the group’s goal was to be the leading pan-African insurance and brokerage service firm on the continent.
“Our philosophy is that one size does not fit all,” he said. “We customise insurance programmes for corporate, personal, specialty insurance and multinational clients based on their specific risk profiles.”
For his part, OLEA Botswana managing director, Fritzgerald Dube, said the December acquisition was in line with government’s broader economic goals.
“OLEA’s decision to invest in Botswana shows confidence in the economy, people and vision and also supports the country’s economic diversification priorities as well as the growth of the financial services sector,” he said.
He said the company would double down integrity on its approach to relations with customers, while expanding the innovations it offers the market.
“For instance, we are introducing advanced digital capabilities and online platforms to provide real time access to policies, claims and reports,” he said.