Seychelles economy gets rave reviews in top business magazine


The publication, issued late 2012, looked at three different SADC (Southern African Development Community) countries -- Zimbabwe, Malawi and Seychelles -- in relation to their trading potential.  Seychelles’ strategic location and the extensive economic reforms have attracted international investments in major areas of offshore financing and this growth has in turn boost the banking and insurance sector, notes the report.

The introduction of additional financial services such as Islamic banking “will create an innovative framework” for growth in this particular sector in the years to come once its implementation in 2013 takes off. 

Other mentioned areas set to prosper are the new sectors focusing on sustainable fisheries, renewable energy like solar and wind power, and petroleum.

“Forbes’ accolade of Seychelles economic prosperity is a major milestone for the country, and a firm indication of the commitment of our government to develop businesses that aim to sustain our promising economic growth,” says a spokesperson for the Seychelles Investment Board.

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