For a good update on regulatory reform efforts in mostly francophone Africa, a newly released IFC/ World Bank “report, “Doing Business in the OHADA 2012”, draws on data from the annual global Doing Business study and takes a detailed look at business regulations in the 16 OHADA economies.
Founded in Mauritius in 1993, OHADA is a system of business laws and implementing institutions adopted by 16 West and Central African nations. OHADA is the French acronym for "Organisation pour l'Harmonisation en Afrique du Droit des Affaires."
The average ranking of the OHADA member states is 166 out of the 183 economies measured in the global Doing Business 2012 report. Mali, with a global rank of 146, is the easiest place among OHADA member states for an entrepreneur to do business, followed by Burkina Faso (150) and Senegal (154). In the past six years, all 16 OHADA member states made it easier to do business. Across the region, the average cost of starting a business decreased from 338 percent to 110 percent of the average per capita income. The average time required to register property also decreased by 28 percent.
The importance of international trade for all economies makes it worthwhile to pool information with a view to improve national and regional competitiveness.
One of OHADA's priorities is to establish a uniform legal framework to govern business activities in the region's economies, hence making the region more attractive to FDI and foreign business. This year, the first revision of the body of commercial laws in the region simplified business entry in eight member states and strengthened secured transaction laws in all 16 member states.
Founded in Mauritius in 1993, OHADA is a system of business laws and implementing institutions adopted by 16 West and Central African nations. OHADA is the French acronym for "Organisation pour l'Harmonisation en Afrique du Droit des Affaires."
The average ranking of the OHADA member states is 166 out of the 183 economies measured in the global Doing Business 2012 report. Mali, with a global rank of 146, is the easiest place among OHADA member states for an entrepreneur to do business, followed by Burkina Faso (150) and Senegal (154). In the past six years, all 16 OHADA member states made it easier to do business. Across the region, the average cost of starting a business decreased from 338 percent to 110 percent of the average per capita income. The average time required to register property also decreased by 28 percent.
The importance of international trade for all economies makes it worthwhile to pool information with a view to improve national and regional competitiveness.
One of OHADA's priorities is to establish a uniform legal framework to govern business activities in the region's economies, hence making the region more attractive to FDI and foreign business. This year, the first revision of the body of commercial laws in the region simplified business entry in eight member states and strengthened secured transaction laws in all 16 member states.
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