Companies in the CEMAC zone, particularly in Chad, need to follow OHADA legal developments to secure their operations and strengthen their governance.
OHADA (Organisation for the Harmonisation of Business Law in Africa) brings together 17 countries, including all CEMAC member states. Its Uniform Acts apply directly and take precedence over national law in business matters.
Key recent developments
1. New rules on debt recovery (2024)
The Uniform Act on simplified recovery procedures and enforcement measures was revised in October 2023 and entered into force in February 2024.
It modernises recovery procedures and allows electronic notifications. Companies can now recover their debts faster and more securely across the entire OHADA area.
2. New accounting rules for associations and NGOs (2024)
The Uniform Act on the accounting system for non-profit entities (SYCEBNL) has been in force since 1 January 2024.
Associations, foundations and NGOs must now apply a harmonised accounting framework. Companies working with these organisations also need to adapt.
3. Digitalisation and transparency
OHADA continues to digitise procedures (electronic notifications, registers, etc.).
Transparency requirements are being strengthened, especially regarding the identification of company directors and beneficial owners.
Why this matters for companies in Chad and CEMAC
- Greater legal security in transactions
- Easier recovery of debts
- Improved company governance
- Better attractiveness to investors and banks
- Reduced risk of non-compliance
What should companies do?
- Review and update company statutes
- Train legal and accounting teams
- Follow publications in the OHADA Official Gazette
- Anticipate transparency and digitalisation requirements
OHADA law is evolving to create a more modern, secure and attractive business environment. Companies that adapt quickly gain a real competitive advantage.