Burkina Faso
OLEA Burkina Faso
Managing Director
Serge Roméo Yao
Managing Director
Serge started his career in 2009 in Abidjan, as a sales technician for Le Millenium Assurances IARD (now SUNU Assurances) in charge of portfolio development. In 2010, he joined the brokerage firm H2A Côte d'Ivoire where he held the position of the corporate portfolio manager. In March 2012, he was assigned to Burkina Faso for the opening of the subsidiary H2A Burkina. He was subsequently recruited by Omega Assur, in July 2015, as sales manager. He held the position of Chief Operating Officer until April 2018. In May 2018, he became Managing Director of OLEA Burkina Faso. Serge holds a DUT in Commerce and Business Administration - Insurance option from the National Polytechnic Institute of Yamoussoukro in Ivory Coast obtained in 2007.
The Subsidiary
| Date Established | 2014 |
|---|---|
| Employees | 20 |
| Address | 10 BP 13218 Ouagadougou |
| burkinafaso@olea.africa | |
| Languages | French English |
Some Key Figures
Country population: 23.3 Million (2023 census)
GDP per Capita: $738.96 (2023)
GDP growth in 2023: 4.2 %
GDP growth in 2024: 5.1 % (forecast)
Major producer of gold (6th in Africa) and cotton (3rd in Africa in 2020).
Member of the West African Economic and Monetary Union (ensuring the stability of the currency, the CFA franc, against the euro).
Support from the international financial community (one of the first countries to benefit from the HIPC initiative).
Market size: 223.2 Million USD per year
Insurance penetration rate: (as % of GDP) 1.2%