Uganda
OLEA Uganda
Managing Director
Alex Mukasa
Alex is the Managing Director of OLEA Uganda, leading the company following its acquisition of Marsh Uganda in July 2025.
With a distinguished career spanning 17 years in the insurance sector, Alex has built a strong foundation in underwriting, marketing, and sales across both life and non-life insurance. His expertise extends to specialist insurance lines, including Management Liability, Professional Liability, Cyber Crime, and Financial Institutions Crime.
Before taking on his leadership role at OLEA Uganda, Alex was Managing Director, Marsh Uganda, where he played a pivotal role in developing sales and marketing strategies, analysing market trends, and enhancing business development approaches. His career journey also includes key positions at
AIG Uganda Limited, Liberty Life, and the Insurance Company of East Africa.
At OLEA Uganda, Alex continues to drive growth by managing the company’s brand image, identifying new business opportunities, expanding existing client portfolios, and ensuring the highest standards of service for key clients. He is also instrumental in shaping the company’s corporate social responsibility strategies, reinforcing OLEA Uganda’s commitment to industry excellence and community impact.
The Subsidiary
| Date Established | 2016 |
|---|---|
| Employees | 20 |
| Address | Nakawa Business Park, Block A, 3rd Floor |
| 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%