ENERGY IN AFRICA: A STRATEGIC LEVER THAT MUST BE SECURED THROUGH INSURANCE
On a continent experiencing rapid population growth and soaring energy needs, access to reliable and sustainable energy is a critical foundation for economic and social development.
The energy transition, essential for the emergence of new industries, cannot succeed without rigorous risk management. In this context, insurance plays a vital role in securing investments, building trust among stakeholders and converting ambitious projects into reality.
As a leading insurance brokerage group in Africa, OLEA has made the energy sector a core strategic priority.
Our participation in the first of the Congo Energy & Investment Forum, held in Brazzaville on March 25–26, 2025, reflects this commitment. Alongside major players in the industry, the OLEA Congo team, led by Managing Director Boris Saint Maxent, reaffirmed our dedication to supporting energy development across the continent.
During a panel discussion on energy and investment, Olivier Dubois, Chairman of the OLEA Group, emphasised the strategic role insurance plays in project success: “Insurance is not just about covering risks. It is a key enabler of financing, a safeguard for complex projects and a cornerstone for building the trust needed to drive energy development.”
Consider a company planning to build a solar power plant, without putting proper insurance coverage in place.
If an incident occurs during construction such as a fire, equipment failure or natural disaster, it could lead to massive financial losses, delays, contractual penalties or even project abandonment.
Beyond the immediate localised impact, an uninsured event like this could jeopardise the entire value chain: Local employment, electricity supply to communities and the project developer’s credibility with investors.
By absorbing risks and providing stability, insurance becomes a vital component for long-term project success.
Anticipate, structure, secure: Our approach to the energy sector
Recognising the complexity of the energy sector, OLEA provides dedicated expertise at every stage of a project’s lifecycle:
- In-depth analysis of technical and environmental risks
- Tailored insurance program design
- Risk management and advisory services for optimal liability transfer
Thanks to our strong local presence and deep, sector knowledge, we offer clients the unique ability to anticipate challenges and respond effectively.
As Boris Saint Maxent stated during the forum: “Energy is a pillar of development. To ensure its growth, we must build strong, secure and resilient projects. That is precisely the mission we carry at OLEA.”
Insurance is not just a safeguard against uncertainty. It is a catalyst for success, a driver of investment and a key to sustainable energy projects.
OLEA is proud to stand beside those driving Africa’s energy transition, working together to build the Africa of tomorrow: Dynamic, resilient and forward-looking.