December 19, 2023
Seychelles: Insurers Association of Seychelles Confirms That CCCI Blast Is Covered By Insurance Policies
Claims relating to the massive explosion at Civil Construction Company Limited (CCCL) at the Providence Industrial Estate, which caused enormous damages to businesses in the area… Read more »
October 30, 2023
Seychelles: Seychelles Promotes 'Cash-Lite' Approach to Protect Vulnerable Groups in Society
A "cash-lite" approach is being undertaken in Seychelles to ensure that specific groups of the population that are less adaptable to change and rely heavily on cash are provided… Read more »
October 05, 2023
Seychelles: Seychelles Seeks Technical Assistance From World Bank for Waste Management
Seychelles is seeking the technical assistance of the World Bank through a soft loan to address the problems the island nation is facing with its solid waste management, said Vice… Read more »
June 01, 2023
Seychelles: 'Outlook Positive' - IMF Approves $56m EFF and $46m RSF for Seychelles
The executive board of the International Monetary Fund (IMF) approved on May 31 a total of $56 million for a three-year arrangement for Seychelles under the Extended Fund Facility… Read more »
May 05, 2023
Seychelles: Seychelles' Government and Banks Introduce Educational Loan Scheme
Seychellois professionals wishing to pursue higher education can now do so through an educational loan scheme already launched and facilitated by the government in collaboration… Read more »
April 12, 2023
Seychelles: Anti-Money Laundering - Seychelles Upgraded On 5 Fatf Recommendations
Seychelles has been upgraded on another five recommendations set by the Financial Action Task Force (FATF) showing further progress in strengthening measures to tackle money… Read more »
March 30, 2023
Seychelles: IMF and Seychelles Reach Staff-Level Agreement On Resilience Facility and EFF
Seychelles will be assisted with approximately $46.19 million under a newly negotiated Resilience and Sustainability Facility (RSF) and $56.96 million under a new Extended Fund… Read more »
March 16, 2023
Seychelles: Seychelles to Negotiate for Another External Fund Facility With IMF
The Seychelles' cabinet of ministers has given its approval for the Ministry of Finance to start negotiations for a new Extended Fund Facility (EFF) with the International Monetary… Read more »
December 30, 2022
Seychelles: Central Bank of Seychelles Keeps Relaxed Monetary Policy Rate At 2 Percent
The Central Bank of Seychelles (CBS) will maintain its monetary policy rate relaxed at 2 percent during the first quarter of 2023 while keeping a close eye on international… Read more »
October 04, 2022
Seychelles: Reliant On Imports, Seychelles Expects Further Inflation, Says CBS
With Seychelles relying heavily on imports, the elevated global commodity prices with tighter monetary conditions and uncertainty in Europe, expect to lead to imported inflation in… Read more »
September 19, 2022
Seychelles: IMF Preliminary Report Concludes Vat Tax Regime Performs Well in Seychelles
An IMF delegation preliminary report on a review of the Seychelles Value Added Tax Regime (VAT) concluded that VAT has performed as well as it could but there are risks of it being… Read more »
July 28, 2022
Seychelles: Seychelles' Central Bank to Tighten Monetary Policies If Inflation Continues to Rise
The government, public and businesses need to be clearly aware of global events and take them into consideration when making monetary decisions, advised the governor of the Central… Read more »
May 26, 2022
Seychelles: Seychelles' Food and Services Cost 13 Percent More Than in 2019, Says Central Bank
The purchasing power of Seychelles' residents has gone down considerably due to a 13 percent average increase in the price of food and services since December 2019 up to April this… Read more »