Africa

WAEMU: A Community Law Framework Structuring Business in West Africa

Created by the Dakar Treaty of 10 January 1994 and built upon the pre-existing West African Monetary Union, WAEMU was conceived not merely as a monetary arrangement, but as a broader project of economic and legal integration (WAEMU Treaty, Arts. 2 and 4). It brings together eight Member States — Benin, Burkina Faso, Côte d’Ivoire,…

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OHADA: A Distinctive Legal Space for Business in Africa

Created by the Treaty signed in Port Louis on 17 October 1993 and revised in Quebec on 17 October 2008, OHADA was designed as a legal integration project intended to promote legal certainty and strengthen investor confidence across a significant part of Africa. Its seventeen Member States — Benin, Burkina Faso, Cameroon, the Central African…

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