Mmegi

Pan African broker acquires Marsh Botswana, Uganda

Eyeing growth: Canuel
Eyeing growth: Canuel

OLEA, a pan African insurance broker, has reached an agreement to acquire Marsh Botswana and Marsh Uganda, subject to regulatory approvals.

Both Marsh Botswana and Marsh Uganda are part of Marsh McLennan, the world’s leading insurance and risk group.

In a statement, OLEA said the acquisition follows the two companies’ successful collaboration over the last five years and further enhances OLEA’s footprint in the African market.

Editor's Comment
Micro-procurement maze demands urgent reform

Whilst celebrating milestones in inclusivity, with notably P5 billion awarded to vulnerable groups, the report sounds a 'siren' on a dangerous and growing trend: the ballooning use of micro-procurement. That this method, designed for small-scale, efficient purchases, now accounts for a staggering 25% (P8 billion) of total procurement value is not a sign of agility, but a 'red flag'. The PPRA’s warning is unequivocal and must be...

Have a Story? Send Us a tip
arrow up