Seychelles business community have welcomed the end of the country’s nearly 3 years tax haven blacklist after the island nation amended its legislation to meet international standards, a top government official told the media.
Tags : seychelles
The lifting of the covid-19 restrictions and subsequence opening of the tourism sector to the island nation is fuelling a rise in the value of the Seychelles rupee against all other currencies in Africa, making it among the top 10 performing currencies in Africa this year, according to a financial news outlet. Read more.
Seychelles, an archipelago of Africa in the western Indian Ocean, is one of the first destinations to reopen its borders to tourism irrespective of visitors' vaccination status amid the covid-19 pandemic. Read more.
The Governor of the Central Bank of Seychelles Caroline Abel addressed the Businesses community in Seychelles on the ambitious move by central bank to improve the accessibility of loans and digitalization a move which will see the country’s economy growing towards meeting some of its macro-economic objectives by 2023. Read more.
Seychelles financial and monetary authorities are discussing the future use of cryptocurrency in the country following the international community raising the red flag on OneCoin pyramid scheme. Read more.
The Financial Crime Investigation Unit of the Seychelles Police says it is investigating OneCoin pyramid scheme which involves transaction of cash and property worth over $10 billion. Read more.
Seychelles’ Broadband network and digital services will soon get a boost from a new cable system to be leased by Seychelles-based telecommunications provider Intelvision Limited with support from IFC. Read more.
Seychelles will welcome the return of vessels with a maximum of 300 passengers for the 2021-2022 cruise ship season from mid-November, said a top official, the first port calls to the island nation after an 18-month blackout due to COVID-19 restrictions. Read more.
The International Monetary Fund (IMF) executive board has approved $105 million under the Extended Fund Facility for Seychelles with an immediate disbursement of $34.26 million. Read more.
The Board of Directors of the African Development Bank Group has approved a $20 million flexible loan to finance Seychelles’ Governance and Economic Reforms Support Program, expected to help drive the island nation’s macroeconomic stability and recovery from Covid-19 in the medium-term. Read more.
The price of food in Seychelles has risen 19 %, while non-food commodities are up 10.5% in the mid-year review figures recently released by National Bureau of Statistics compared the same period a year ago. Read more.