Africa Region - Improved Investment Climate within the Organization for the Harmonization of Business Laws in Africa (OHADA) AF

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The development objective of Improved Investment Climate within the Organization for the Harmonization of Business Laws in Africa (OHADA) Project is to strengthen OHADA’s institutional capacity to support, in its member countries, selected aspects of investment climate reforms, including improved corporate financial reporting. This project has three components. 1) The first component, Building institutional capacity and sustainability of OHADA and Project implementation, aims to include, in addition to the support to OHADA legal reforms agenda and the strengthening of the permanent secretariat, a subcomponent aiming to implement activities that will contribute to ensure the sustainability of OHADA. It has the following subcomponents: (i) Strengthening OHADA Programs; (ii) Supporting OHADA sustainability; and (iii) Strengthening OHADA Permanent Secretariat and supporting project implementation. 2) The second component, Capacity building for the Common Court of Justice and Arbitration (CCJA) and Regional Superior School for Magistrates (ERSUMA) has the following subcomponents: (i) Strengthening the Institutional capacity of the Common Court of Justice and Arbitration; and (ii) Strengthening the institutional capacity of the ERSUMA. It has the following subcomponents: (a) Enhancing ERSUMA’s position as a leading training institution; and (ii) Developing ERSUMA’s research capacity on business law. 3) The third component, Improving Corporate Financial reporting, aims to improve the financial reporting of companies in OHADA member countries using modernized accounting standards, support the adoption and implementation of updated audit standards, strengthen the capacity of Professional Accountancy Organizations (PAOs), and increase access to quality training and continuing professional development programs. It has the following subcomponents: (i) Supporting the dissemination of the accounting standards; (ii) Supporting the Professional Accounting Organizations; and (iii) Sustaining the Development of a Chartered Accounting Diploma.