Category Archives: Seychelles News

Seychelles News

UN ‘Ocean Ambassadors’ applaud Seychelles’ for raising $40m for the Blue Economy

Seychelles received a round of applause in New York today from a group of ambassadors to the United Nations dedicated to promoting the Sustainable Development Goal (SDG14) on the conservation and use of oceans and seas for sustainable development. read more

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IMF Staff Completes Mission to the Seychelles

  • The IMF team reached a staff level agreement with the authorities on their economic program that could be supported by a new 3-year IMF arrangement under the Policy Coordination Instrument.
  • The authorities have implemented prudent macroeconomic policies together with bold structural reforms that led to strong economic growth as well as noticeable improvement in fiscal and external position as well as a reduction in debt.
  • Macroeconomic performance has been robust in 2017, with economic growth for 2017 projected to reach around 4 percent.

An International Monetary Fund (IMF) staff mission led by Mr. Amadou Sy visited Victoria during September 13‒26, 2017. The mission reached a staff level agreement with the Seychellois authorities on their economic program which could be supported by a new 3-year IMF arrangement under the Policy Coordination Instrument (PCI) [1]. Subject to IMF management approval, the staff-level agreement is expected to be submitted to the IMF Executive Board for its consideration in December 2017. Under the arrangement, Seychelles economic program would be subject to semi-annual reviews. read more

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Seychelles an economic model for Africa, says President Trump

The world also had a shared responsibility to protect the oceans for sustainable development read more

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Seychelles: Economic growth reached 4½ percent, reflecting increased tourist arrivals, stronger output in the fishing industry, and expanding credit to the private sector

On June 2, 2017, the Executive Board of the International Monetary Fund (IMF) concluded the Article IV consultation[1] with Seychelles. read more

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WORLD BANK INTERVIEW: Mini and off-grid electricity, especially from sources like solar, offers increasing potential to electrify homes in many rural areas of Sub-Saharan Africa”

Exclusive interview with Lucio Monari, Director, Energy and Extractive Global Practice at the World Bank. He will address the CEO Forum at the upcoming African Utility Week on a World Bank study on the “Financial Viability of Electricity Sectors in Sub-Saharan Africa”. read more

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Seychelles Celebrate Commonwealth Day 2017

On a special day like this – Commonwealth Day 2017, where the Commonwealth society is celebrating its progress and impact, President Danny Faure sends a message to the Commonwealth Community. Today Seychelles joins its Commonwealth family in celebrating a unique bond of friendship and diversity offered by our association of 52 independent states. This bond is further exemplified by our common desire for peace, security and the betterment of the lives of all our peoples. This free association of states provides us with one key lesson, which is much can be achieved through peace, reconciliation and a common goal for a stable future. read more

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2017 Travel Goals; Explore Six of Africa’s Most Exotic Islands

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“Unlock The Sea” – Underwater Discoveries Unveiled at Le Meridien Fisherman’s Cove, Seychelles

Le Meridien Fisherman’s Cove, Seychelles (www.LeMeridienFishermansCove.com), launched “Unlock the Sea”, a unique programme to help the creative and curious minded traveler experience and explore the island and ignite their inspiration with an incredible underwater encounter. Created in partnership with The Marine Conservation Society Seychelles, this interactive program helps guests discover a treasure trove of marine life around the island through a curated snorkeling experience and learn and educate themselves on the importance of marine conservation. Guests can also witness an underwater art gallery or post a postcard to friends or family from under water! read more

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Small Middle-Income Countries in Sub-Saharan Africa—Raising the Bar

The Governor of the Bank of Botswana, Ms. Linah Mohohlo, and the Deputy Managing Director of the International Monetary Fund, Mr. Min Zhu, hosted today in Gaborone, Botswana, a regional conference entitled “Small Middle-Income Countries in Sub-Saharan Africa—Raising the Bar” [1]. Delegates included senior officials from a number of countries representatives of the private sector, academia, the Executive Board of the IMF and IMF staff. At the end of the conference, the following statement was issued: read more

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Seychelles and USA sign historic Air Transport Agreement

The Minister of Foreign Affairs and Transport of the Republic of Seychelles, Mr. Joël Morgan, and the Ambassador of the United States of America to the Republic of Seychelles, H.E. Shari Villarosa have signed the Air Transport Agreement between the Government of the Republic of Seychelles and the Government of the United States of America, held this date, at the Ministry of Foreign Affairs and Transport. read more

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Chute des prix alimentaires en novembre dans un contexte de stocks abondants

La sécurité alimentaire s’aggrave dans les zones victimes de troubles civils et de conditions météorologiques défavorables read more

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Seychelles congratulated for Blue Bonds Initiative at Commonwealth Business Forum side event

VICTORIA, Seychelles, November 30, 2015/APO (African Press Organization)/ –Speaking at a side event of the Commonwealth Head’s of Government meeting in Malta, the Prince of Wales addressed the Commonwealth Business Forum to propose an initiative which would guarantee credit facilities for ‘green’ projects for member states to implement with readily available finance mechanisms. During his address Prince Charles had congratulated the Government of Seychelles and in particular President James Michel for the farsighted initiative of the creating and implementation of ‘Blue Bonds aimed at boosting the fisheries sector. Prince Charles enforced the idea as vindication of the fact that economic growth and environmental resilience complement each other and should be viewed in the same context.

As part of the Blue Economy concept spearheaded by President James Michel, ‘blue bonds effectively raise capital for the sustainable management of both ocean resources and fisheries using market mechanisms with the support of development institutions. Such a project can ensure greater financial flows to benefit the fisheries sector of Small island Developing States such as Seychelles which rely heavily on this source of income. read more

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Telecommunications Providers in East Africa Diversify Services to Sustain Revenue Growth, Finds Frost & Sullivan

Integration with banking, insurance and eCommerce industries allows operators to fully tap into the market’s potential read more

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Seychelles testifies in climate forum at US Congress

Seychelles’ climate change and SIDS ambassador Ronny Jumeau testified on Thursday at a forum on climate change at the United States Congress in the US capital, Washington DC. read more

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