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Insurance: Oléa enters the Ugandan market

14/11/2023
Source : ORISHAS FINANCE
Categories: Sectors

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On Friday, November 10, Oléa Insurance Solutions Africa announced the opening of a new subsidiary in Uganda. The insurance broker will now be present in 25 African countries thanks to this expansion.

Olea entered the Ugandan market nearly a month after expanding in Mali, through the acquisition of local insurance brokerage firm Ballpack Insurance Group Uganda. This operation strengthens Oléa Insurance Solutions Africa's position in Africa and will allow it to be present in 25 African countries. Oléa bought an undisclosed majority stake in the capital of the Ugandan insurance broker Ballpack Insurance Group. In Uganda, Oléa has built up a portfolio of international clients

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