Africa’s fastest growing region today comprises a group of French-speaking countries – all members of OHADA, a system of unified business law spanning 17 African States.
OHADA‘s success, unique in depth and reach, underlies the region’s economic integration and is a key driver for international investments.
The IMF’s 2023 GDP growth projections have highlighted Senegal (8.1%), the Democratic Republic of Congo (DRC) (6.7%), Côte d’Ivoire (6.5%), Benin (6.2%) and Togo (6.2%) are among Sub-Sahara’s fastest growing economies.
All are members of OHADA (‘Organisation for the Harmonization of Business Law in Africa’), a unified system of business law – unique in the world and uniquely attractive for foreign investors in Africa.
OHADA countries’ outperformance is further confirmed in the World Bank’s projections for 2023/24: Senegal (8%/10.5%); Côte d’Ivoire (6.8%/6.6%); Democratic Republic of Congo (DRC) (6.4%/6.6%); Benin (6.2%/6.0%); Togo (5.6%;6.4%) here again top the list for Sub-Saharan Africa.
OHADA law has grown into Africa’s dominant legal system, applying seamlessly across an uninterrupted stretch of land from North Africa (in the North) to the Atlantic (in the West) and the Great Lakes region (in the South). In the East, OHADA is applied by the Comoros, in the Indian Ocean. Together, OHADA countries represent a market of close to 300 million people.
As OHADA marks its 30th anniversary this year, co-organizers D Sy Law and TranscendanceVC & Education will be holding an online discussion with a panel of legal experts and investors from Africa and Singapore – followed by a Q&A. Register here: https://lnkd.in/eVF973br
The webinar is a scheduled event of the Africa Singapore Business Forum 2023 (ASBF), which will be held in Singapore from 29 August to 31 August. D Sy Law has been acknowledged as a Supporting Partner of ASBF.
The webinar coincides with the launch of OHADA in Asia, a Singapore-based networking and knowledge-sharing platform on OHADA law. OHADA in Asia, founded by Delphine Constantin,aims to bring to an Asian audience, by way of regular in-person and online events, key aspects of OHADA law. Upcoming OHADA in Asia events will include a focus on the VC framework in the OHADA zone and OHADA’s distinctive dispute resolution mechanism. Do reach out to Delphine Constantin to hear more about OHADA in Asia.
- Delphine Constantin is the Founder and Managing Director D Sy Law, a Singapore-registered independent international law firm focused on Africa and Africa-Asia investments – acknowledged as a Supporting Partner of the Africa Singapore Business Forum 2023 (ASBF). Delphine Constantin is dual-qualified under both Civil Law and Common Law – and has specific experience in African Civil Law/French-speaking jurisdictions. She is a fluent French speaker. Delphine Constantin can be contacted at: dc@dsy-law.com.
Thank you to D Sy Law for sponsoring this content.
