The European Union and five countries in Eastern and Southern Africa – Comoros, Madagascar, Mauritius, Seychelles and Zimbabwe – have started negotiations on deepening their Economic Partnership Agreement. Stakeholders in these countries, including business and civil society, can contribute to this process. One way to contribute is via an independent study launched by the European […]
Category Archives: Seychelles News
Seychelles News
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African competition authorities respond to the COVID-19 crisis
Lerisha Naidu, Partner, Sphesihle Nxumalo, Associate, and Thato Mkhize, Candidate Attorney, Competition and Antitrust Practice, Baker McKenzie, Johannesburg The substantial increase in confirmed COVID-19 cases in Africa has led to innumerable complaints of anti-competitive conduct from customers and consumers across the continent, who have expressed concerns over sudden price hikes of healthcare and hygiene products […]
African News, Seychelles News
IMF: Seychelles’ macroeconomic performance continued to be strong in 2018
Seychelles’ macroeconomic performance continued to be strong in 2018; economic growth reached 4.1 percent, the 2018 primary fiscal surplus stood at 3.2 percent of GDP; delays in the implementation of Air Seychelles’ restructuring plan could undermine government’s efforts to sustain strong fiscal primary surpluses and jeopardize medium-term public debt reduction goals. An International Monetary Fund […]
President Danny Faure participated today in the International Solar Alliance-ISA Founding Conference co-chaired by the French President Mr. Emmanuel Macron and the Indian Prime Minister, Mr. Narendra Modi. Seychelles being among the first 15 countries having ratified the ISA Agreement – a project initiated at the COP-21 in Paris in November 2015 – and having […]
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. The Group of Friends of Oceans and Seas (GoFOS) congratulated Seychelles after its Permanent Representative to […]
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 […]
The world also had a shared responsibility to protect the oceans for sustainable development President Donald Trump has described Seychelles as an economic model for Africa and noted its innovative financing initiatives to address its development needs and build a blue economy. The President was speaking through a prepared statement on Friday when Ambassador Ronny […]
On June 2, 2017, the Executive Board of the International Monetary Fund (IMF) concluded the Article IV consultation[1] with Seychelles. Macroeconomic performance continued to be strong in 2016. Economic growth reached 4½ percent, reflecting increased tourist arrivals, stronger output in the fishing industry, and expanding credit to the private sector. Helped by low commodity prices […]
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”. 1) We look forward to having you at African Utility Week, can we […]
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 […]
No one talks of safari without mentioning the great treks that crisscross the African continent. So popular is this cradle of mankind for its magic-ridden sunsets and vast plains teeming with wildlife, that many seem to awe away at the bush ideal, totally ignoring that the continent also takes pride in mothering some of the […]
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 […]
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, […]
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, […]
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 […]
Integration with banking, insurance and eCommerce industries allows operators to fully tap into the market’s potential CAPE TOWN, South Africa – 23 November, 2015 – New and cost-effective services, and the increasing sales of low-priced handsets, are creating exciting prospects for operators in the East African telecommunications market. Market liberalisation and fierce competition are also […]
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. The ambassador afterwards joined the chair of the forum, Congressman Paul Tonko of New York, and other members of Congress in a press conferencThe forum, entitled “Global […]
“According to specific criteria set by the World Bank, Seychelles recently graduated to high income country status. This important leap, recognizes the commendable transformation that Seychelles has made under the leadership of the Government of President James Michel, despite the challenges and specificities of being a SIDS country. By making this statement we do not intend […]
The African Union Commission (AUC) engaged the Private Sector on the Continental Free Trade Area (CFTA) negotiations processes during a three-day Conference of the African Private Sector that ended today in Victoria, Seychelles. The conference was organized by the AUC in partnership with the Pan African Chamber of Commerce (PACCI) and the Seychelles Chamber of […]
Seychelles was represented at the Meeting of Foreign Ministers ahead of the India-Africa Summit on 27th October by Ambassador Barry Faure, Secretary of State for Foreign Affairs, standing in for Foreign Minister Joël Morgan. Ambassador Faure, delivering Seychelles’ statement at the meeting which was highly attended, said: “This Third India-Africa Summit is an opportunity for […]
An International Monetary Fund (IMF) staff mission led by Mr. Wendell Samuel visited Victoria from October 15-28, 2015 to conduct discussions on the third review under the Extended Fund Facility (EFF) Arrangement with Seychelles.[1] At the conclusion of the visit, Mr. Samuel issued the following statement: “Macroeconomic outcomes in the first half of 2015 have […]
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Southern Africa Officials Share Experience of Natural Resource Wealth Management
The IMF’s Africa Regional Technical Assistance Center South (AFRITAC South), in collaboration with the Africa Training Institute, held a seminar on “Strengthening Fiscal Frameworks and Public Financial Management Systems for Managing Natural Resource Wealth” on September 21–25, 2015 in Mauritius. The event brought together government officials from Angola, Botswana, Comoros, Lesotho, Madagascar, Mauritius, Mozambique, Namibia, […]
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