African governments have grown wise to the fact that arbitration
can be a source of economic activity, with conference centres,
hotels and local lawyers set to benefit. A recognised arbitration
centre may also help to reinforce messages about political and
legal stability, which could be seen as one way to reassure foreign
investors1. This is part of the reason why so many
institutions have emerged in Africa in recent years. There are now
over 90 arbitration institutions existing on the continent, with
some countries hosting multiple centres - Nigeria and South Africa
have at least six each, and even Mauritius, one of the smallest
countries in Africa, has three.
However, it has been said that the number of arbitration
institutions in Africa is disproportionate, and only a few of them
have managed to gain serious traction. Even fewer have managed to
compete with the likes of the ICC2 and the
LCIA3, which continue to dominate the international
arbitration market in