Spotlight on Africa’s arbitration excellence, innovation and achievements.
The Africa continent projection for foreign direct investment remains positive, and with the ratification and coming into force the agreement establishing African Continental Free Trade Area (AfCFTA), the total value of FDI is expected to rise to $50 Billion. This rise in international investment and trade will bring, with itself, a rise in commercial and investment disputes, with arbitration increasingly preferred as dispute resolution mechanism. The rise in arbitration in Africa is evident by International Chamber of Commerce (ICC)’s recent 2018 caseload figures, with parties from Sub-Saharan Africa reaching 122.
This growth of international arbitration in investment and contractual dispute resolution, the continued development of international arbitration centers across the continent in countries like Nigeria, Kenya, Rwanda, Mauritius, Egypt etc., have all contributed to the rise of African practitioners in international arbitration.
East Africa International Arbitration Conference (EAIAC) has for the last six years convened annual regional international arbitration forums, providing a platform for thousands to network, build partnerships and acquire new skills. EAIAC has profiled 300+ practitioners who have participated as speakers at the events. The Africa Arbitration Awards forms part of our vision of building international arbitration capacity, expanding our networks as we promote, profile and celebrate Africa’s success in international arbitration.
Co-located with EAIAC 2019, the inaugural Africa Arbitration Awards sets out to celebrate, recognise and honor outstanding practitioners and leaders in the Africa arbitration ecosystem.