AG advocates for arbitration at East Africa Conference
In a compelling address at the East Africa International Arbitration Conference in Addis Ababa this morning, Honourable Thabo Chakaka-Nyirenda, the Attorney General of Malawi, underscored the pivotal role of arbitration in resolving commercial disputes and fostering economic growth across Africa.
“Arbitration is not just a tool for dispute resolution; it is a catalyst for economic development,” Nyirenda declared, capturing the audience’s attention. He extolled the virtues of arbitration, highlighting its efficiency, cost-effectiveness, and flexibility.
“Unlike traditional litigation, arbitration allows parties to select their own arbitrators and procedural rules, making it a more attractive and tailored option,” he noted.
The AG called for a united effort among African nations to promote arbitration and effectively resolve disputes. “Collaboration is key. By working together, we can create a robust framework for arbitration that will drive economic growth and development across the continent,” he emphasized.
The AG proudly shared Malawi’s strides in establishing its own international arbitration centre. He outlined the centre’s mission to provide a neutral and independent forum for resolving commercial disputes, aiming to position Malawi as a hub for international arbitration.
The Head of the Bar in Malawi also touched on the broader spectrum of alternative dispute resolution (ADR) methods, such as mediation and conciliation. “These methods can significantly reduce the backlog of cases in our courts and ensure faster resolution of disputes, thereby promoting economic growth,” he asserted.
His speech was a testament to his expertise and unwavering commitment to advancing arbitration and ADR in Africa. “Our progress in Malawi is just the beginning. We are dedicated to making Malawi a beacon of arbitration excellence,” he proclaimed.
The audience, comprising legal practitioners, government officials, and industry experts, received Nyirenda’s speech with enthusiasm and appreciation. His insights and vision for the future of arbitration in Africa resonated deeply, marking his address as a significant contribution to the ongoing dialogue on arbitration and ADR in the region.
Also in attendance at the conference running from today to tomorrow are Dr. Ermias Yemanebirhan, State Minister of Justice in Ethiopia, His Lordship Justice Nestor Kayobera, President of the East African Court of Justice and several other judges.
- 32 views