Kenya
OLEA Kenya
Managing Director
Anthony Wachira
Managing Director
Anthony holds a Bachelor of Science Degree in Actuarial Science as well as local and international insurance certifications. He has a wealth of experience in insurance broking, reinsurance and placement of specialty risks for local corporates and multinationals. He joined OLEA Kenya in 2021 to focus on distribution and channel development with a bias on Employee Benefits. Prior to that he has worked for Alexander Forbes Risk & Insurance Brokers and Aon Kenya. He was appointed as the new MD of OLEA Kenya on April 1st 2023.
The Subsidiary
| Date Established | 2014 |
|---|---|
| Employees | 15 |
| Address | 2nd Floor, The Westwood, Ring Road Parklands, Westlands, Nairobi |
| kenya@olea.africa | |
| Languages | English |
Some Key Figures
Country population: 55.1 Million (2023 census)
GDP per Capita: $1,813.76 (2023)
GDP growth in 2023: 5.6 % (2023)
GDP growth in 2024: 5.2 % (forecast)
Africa's sixth-largest economy (2020), but also East Africa's largest, playing a central role in the East African Community, Africa's first common market.
Diversified agriculture (40% of GDP, world's third-largest tea producer) and dynamic service sector (IT, telecommunications and financial services).
Mombasa is Africa's third-largest port.
Mineralized sand deposits (including ilmenite, rutile and zircon).
Hydrocarbon deposits have been discovered in the northwestern Turkana region.
A fast-growing population and an emerging middle class.
Continuation of the President's Big Four Agenda (a program initially scheduled to run until the end of 2022 but likely to last longer), which focuses on food self-sufficiency, manufacturing jobs, universal health coverage and better access to housing.
Market size: 1.3 Million USD per year
Insurance penetration rate: (as % of GDP) 2.4%