Angola
OLEA Angola
Managing Director
Louis Groenewald
Managing Director
Louis began his career in the South African insurance industry in 2005 with an independent broker in Cape Town. In 2011, he joined AIBA as Sales Director for 8 years. In 2018, back in South Africa, he became Group Technical Director, with a focus on South Africa and the search for reinsurance capacity. Since April 2023, he has held the position of CEO of OLEA Angola which rebranded to Olea Angola 1 August 2024.
The Subsidiary
| Date Established | 2010 |
|---|---|
| Employees | 39 |
| Address | Edificio Bengo, 801A Andar, Belas Business Park, Talatona, Luanda Sul |
| angola@olea.africa | |
| Languages | French English Portuguese |
Some Key Figures
Country population: 36.7 Million (2023 census)
GDP per Capita: $2,333.42 (2023)
GDP growth in 2023: 0.9 %
GDP growth in 2024: 2.8 % (forecast)
Major oil production and producer of liquefied natural gas.
Considerable economic potential: diamonds, iron, gold, leather, agriculture, fishing, hydroelectric resources.
International financial support.
Market size: 396.5 Million USD per year
Insurance penetration rate: (as % of GDP) 0.6%