Cameroon
OLEA Cameroon
Managing Director
Fayez Samba
Managing Director
Fayez Samb has over 25 years' experience in the insurance industry. Throughout his career, he has held various positions with insurance companies and brokers, including Zurich Insurance, Generali France, Gras Savoye (now Willis Towers Watson) and Ascoma.
Having begun his career as an insurance writer, Fayez will successively hold the positions of Inspector-Auditor then General Manager of Gras Savoye in Mali (2006-2009) then Cameroon (2009-2018) and Gras Savoye Cameroon (2018-2021).
In 2021, he joined the broker Ascoma as Branch and Area Director (Senegal-Mali-Mauritania-Guinea).
In addition to his professional activities, Fayez is involved in community life and has held the positions of President of the Cercle d'Affaires Français au Cameroun (2016-2021), Conseiller du Commerce Extérieur/CCE (2012 to 2014) and Director of Eurocham (European Chamber of Commerce in Senegal).
In 2023, he was accepted into the citizens' reserve of the French Elements in Senegal at the rank of Lieutenant-Colonel “Ad Honores”.
Fayez Samb is the author of several comic strip publications.
The Subsidiary
| Date Established | 2017 |
|---|---|
| Employees | 45 |
| Address | B.P. 2452 DOUALA |
| cameroun@olea.africa | |
| Languages | English French Spanish |
Some Key Figures
Country population: 28.6 Million (2023 census)
GDP per Capita: $1,710 (2023)
GDP growth in 2023: 4 %
GDP growth in 2024: 4.1 % (forecast)
Relatively diversified resources, with forestry, agriculture (e.g. cocoa and bananas), oil and minerals (e.g. aluminum).
Gas capacity expansion in a favorable short-term environment.
Hydroelectric potential.
Efforts to improve infrastructure are underway.
Member of the Economic and Monetary Community of Central Africa (CEMAC) and the Economic Community of Central African States (CEEAC).
The CFA franc is pegged to the euro, but the common reserves of the Bank of Central African States are limited.
Market size: 458.4 Million USD per year
Insurance penetration rate: (as % of GDP) 1.1%