The value of cases referred to the Nairobi Centre for International Arbitration (NCIA) hit Sh25.24 billion for the first time last June, underlining growing confidence by firms to refer their disputes to the centre for resolution.
The NCIA said it handled 17 commercial disputes whose value was $210 million (Sh25.24 billion at the exchange rates at the time), underlining an increase of 126.2 percent compared to the previous year and 137.6 percent compared to its third year of the NCIA Arbitration Rules. “94.1 percent of all new cases filed with Nairobi Centre for International Arbitration in the financial year 2021/2022 were domestic while 5.9 percent cases were international.
