OLEA is in Tanzania with its subsidiary AIBT Ltd

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Olea, the panafrican
insurance broker

Tanzania

Tanzania

AIBT LTD

David Nolan

Managing Director : David Nolan

 

 

Biography :

 

David (CII) studied Economics and History at Trinity College Dublin.After a few years in Financial Services in Ireland he moved to East Africa in 2012. He worked for an Engineering company before joining an Insurance broker in 2015.

 

He is an avid sportsman and Chairman of the Dar Es Salaam Leopards Rugby Club.

 

 

 

The Subsidiary

  • Date of creation : February 2016
  • Address : 6th Floor Jangid Plaza, Ali Hasan Mwinyi Road, Kindondoni, Dar Es Salaam
  • Number of employees : 5
  • Spoken languages : English, French, Dutch, Swahili, Gujarati, Hindi
  • Contact : d.nolan@olea.africa

Expertise

 

 

Aviation

 

Mining

 

Construction

 

Engineering

 

Energy

 

Oil & Gas

 

 

 

Country Information

 

- Population: 54.7 millions
GDP per Capita : 1,040 $
- GDP's growth in 2019: 5.1 %
- GDP's growth in 2020: 5.5 % (forecast)  

 

(source www.coface.com)

 

Strengths of the Economy

 

- Rich in mineral resources (gold, copper)

- Gas potential: offshore reserve discovered in 2010

- Tourism potential (national parks, coastline)

- Regional cooperation strategy

- Enormous Agribusiness potential and net food exporter

- Logistics hub with eight international borders and part of EAC and COMESA blocks

 

(source www.coface.com)

 

 

Insurance Market

 

Size of the Market in Million : 310 USD
Insurance Penetration Rate (% of the GDP) : 0.53

 

 

 

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