Enabling Citizens to Reap the Rewards of Their Hard Work Seychelles’ 2025 budget proposes a 7 % monthly minimum wage increase for civil servants earning less…
One-month deadline for taxpayers The Directorate General of Taxes (DGI) is urging taxpayers to update their tax information using the « Nifonline » platform. According to…
Boosting economic performance Seychelles’ BB- credit rating with a positive outlook signals a bright economic future, according to a senior government official, who pointed to solid…
Seeking a mutual interest agreement The Minister of Industrialization and Trade, David Ralambofiringa, recently held a meeting with the Group of Free Enterprises and Partners (GEFP).…
Aiming to become an integrated Pan-African Banking Group Atlantic Financial Group (AFG), based in Côte d’Ivoire, has acquired the microfinance operations of five Access Group subsidiaries,…
Economy driven by tourism In the last quarter of 2024, the Central Bank of Seychelles (CBS) announced that it would maintain its accommodative monetary policy while…
Ongoing discussions with economic stakeholders As of May 1, 2025, the Seychelles will begin phasing out checks in financial transactions, aiming to shift its financial system…
Expanding agencies into rural areas By the end of 2023, the 16 member institutions of the Professional Association of Microfinance Institutions (APIMF) had a client base…
Adhering to detailed and strict criteria A new bill has been unanimously passed by the Seychelles National Assembly to regulate virtual asset providers.The bill was submitted by the…
Facilitating bilateral trade and direct investment The Central Bank of Seychelles (CBS) and the Central Bank of the United Arab Emirates (CBUAE) have signed two memoranda…
Addressing the essential principles and importance of ESG The 2024 ESG (Environmental, Social, and Governance) and Sustainability Reporting Summit is taking place in Mauritius. Industry leaders,…
Fostering inclusive and resilient growth in Madagascar In March 2024, the World Bank had a USD 4.1 billion portfolio in Madagascar. This includes 26 national projects…