Botswana
OLEA Botswana
Managing Director
Fritzgerald Dube
Fritzgerald is a seasoned corporate insurance broking and risk management professional with over twenty-five years industry experience.
He started his career in 1996 at Sedgwicks Botswana in an insurance broking sales role. Sedgwicks Botswana was later acquired by Marsh and McLennan in 2001. Through his determination and commitment to continuous professional development, Fritzgerald rose through the ranks of the organisation to holding the position of Deputy Managing Director. When Marsh Botswana acquired the insurance division of Alexander Forbes Risk Services Botswana in 2012, he was subsequently appointed the Managing Director of the amalgamated company, two years into the acquisition.
He joined OLEA in 2025 following the acquisition of Marsh Botswana by OLEA.
Fritzgerald holds a Master’s degree in Strategic Management from the University of Derby (UK). He also holds a number of other professional qualifications in marketing, insurance and risk management.
The Subsidiary
| Date Established | 1983 |
|---|---|
| Employees | 23 |
| Address | Samora Machel Drive, Plot 50363, Showgrounds, Gaborone |
| botswana@olea.africa | |
| Languages | English Setswana |
Some Key Figures
Country population: 2.46 Million (2023 census)
GDP per Capita: $9,500 (2023)
GDP growth in 2023: 3.2 % (2023)
GDP growth in 2024: -1.7 % (forecast)
Botswana has significant economic potential, driven by its rich natural resources and international partnerships:
Diamonds: Botswana is one of the world's largest diamond producers, with 50% control over production through a new De Beers agreement.
Gold & Copper: Mining operations are expanding beyond diamonds, with gold and copper reserves gaining traction.
Coal & Energy: Botswana has large coal deposits and is investing in renewable energy projects, including solar and hydroelectric power.
Livestock & Leather: Botswana is known for high-quality beef exports, with growing potential in leather production.
Manufacturing & Trade: The government is promoting industrial diversification, including textiles and agro-processing.
Infrastructure Development: International funding supports transport, digital, and energy projects to boost economic growth.
Financial Sector Growth: Botswana’s stable banking system and investment-friendly policies attract global investors.
Market size: 2.53 Billion USD per year
Insurance penetration rate: (as % of GDP) 2.77%