Please indicate whether there is a foreign direct investment review regime in your jurisdiction in relation to mergers involving foreign buyers / acquirers and kindly indicate the relevant review/regulatory body? If there is, please indicate whether there have been any foreign direct investment notifications to date. If there is no foreign direct investment regime, kindly indicate whether there are any plans announced to introduce it.
No. There is no foreign direct investment review regime in relation to mergers involving foreign buyers, and there is no publicly available information regarding any plans announced to introduce such a regime.
However, pursuant to article 10 of the Regulation 09/2010/CM/UEMOA relating to financial external relations of the WAEMU Member States, any constitution of foreign investments and transfer of investments between non-residents are subject to a statistical reporting obligation to the Directorate of External Finance and to the Central Bank of the West African Countries.