Uganda
OLEA Uganda
Managing Director
Paul Muhame
Managing Director
Paul is a respected insurance industry executive with over 20 years’ experience. He worked in senior management in Ballpack, AIG and UAP (Old Mutual) amongst others. Paul has a BA degree in Insurance from the University of New Delhi, India and a Masters in International Business Administration, from the ESLSCA Business School in Paris. He is also a UK Chartered Insurance Broker. In addition, he has worked with the Uganda Insurers Association in the Technical non-life committee and with the Insurance Brokers Association of Uganda as Technical Board Director. He is currently Chairman of the Insurance Brokers Association of Uganda.
The Subsidiary
| Date Established | 2016 |
|---|---|
| Employees | 7 |
| Address | PLOT 15, KITANTE CLOSE, KOLOLO, KAMPALA, UGANDA |
| uganda@olea.africa | |
| Languages | English |
Some Key Figures
Country population: 48.6 Million (2023 census)
GDP per Capita: $2,066.38 (2023)
GDP growth in 2023: 6 %
GDP growth in 2024: 6 % (forecast)
Natural resources: fertile soil, oil deposits, hydroelectric potential.
Diversification efforts, particularly in the agri-food sector.
International support for infrastructure projects.
Debt mainly on concessional terms.
Second largest coffee exporter on the continent behind Ethiopia.
Market size: 421 Million USD per year
Insurance penetration rate: (as % of GDP) 0.8%