OHADA To Prosper Business In Africa

The Purpose of OHADA

On 19 October 1993, with the aim of establishing a reliable economic area that welcomes local and foreign investors in terms of providing solid and stable business grounds, along with maintaining a resourceful and integrated internal economy, 16 countries signed the Treaty¹ which launched the L'Organisation pour l'Harmonisation en Afrique du Droit des Affaires (OHADA).

OHADA, in a very brief explanation, is an organization whereby Member states agree to resign from their national sovereignty to a certain extent in order to achieve a single, cross-border regime of uniform business laws.² Today, there are 17 Member States and 9 uniform acts in force both which numbers are likely to increase.³