PRESS RELEASE - 3rd March 2024

The Seychelles Investment Board (SIB) is concerned about the allegations being made with regards to the tender process for the Victoria Waterfront Development project. We affirm that the process and subsequent evaluation were done in compliance with the relevant procedures under the Procurement Act. The evaluation of the project bids was conducted by an independent Evaluation Committee consisting of both public and private sector representatives.


In line with the Procurement Act, any aggrieved bidder who has not been successful has the right to appeal against the decision by Wednesday, March 6, 2023, as per the letter issued to them. Henceforth, their appeal will be heard by an independent Investment Appeals Panel.


SIB assures its commitment to uphold transparency and fairness in all its procedures. We look forward to the completion of this project and a more vibrant Victoria.

Seychelles Promotes Sustainable Investments at COP28 in Dubai

In a collaborative effort between the Seychelles Investment Board (SIB) and the United Nations Development Programme (UNDP), an insightful investment session was held today at COP28 in Dubai. The event, themed "Paving the way for a more sustainable investment in Seychelles," saw key figures delivering impactful speeches to promote sustainable development.


The Minister for Investment, Entrepreneurship, and Industry initiated the proceedings with opening remarks, setting the stage for the UN Assistant Secretary General and the Regional Director for UNDP’s Bureau for Africa H.E. Ms. Ahunna Eziakonwa, who delivered a compelling keynote speech.


The morning session was dedicated to presenting the Seychelles SDG investor map, skillfully presented by the CEO of SIB. The afternoon session, themed "Action today for the future of sustainable development," highlighted investment opportunities in the blue and circular economies. Renowned speakers included Mr. Mervin Cedras from Tourbookers, Ms. Judy Jeanne from Seychelles Fishing Authority (SFA), Ms. Kym Samy from the Department of Blue Economy, and Mr. Christopher Lespoir from Harmony Investment.


This event not only showcased Seychelles' commitment to sustainable practices but also provided a platform for stakeholders to explore concrete actions for a more environmentally conscious and economically viable future.




SIB attended The Annual Investment Meeting (AIM)

The Annual Investment Meeting (AIM) is an initiative of the AIM Foundation, an independent international organisation fully committed to empower the world’s economy by boosting effective promotion strategies and facilitating opportunities for economic productivity and expansion. The Foundation is also known for undertaking the operation and management of the AIM Global Investment Network and its 15 affiliated Business Groups, including the supervision of the Annual Investment Meeting Global and Regional Chapters.


Establishing itself as a leading investment platform in the Middle East, the Annual Investment Meeting has aspired to ignite positive advancement by generating investment opportunities, sustaining solidarity, and developing economic relations among nations. Additionally, it also had the ability of addressing the global ordeals that has an impactful effect on economic growth. Every edition of the Annual Investment Meeting is an event that offers the opportunity to address the fundamental challenges that nations are being confronted with on their journey to achieving development. Moreover, discussions about investment trends and fuels to economic diversification were also on the itinerary of the event. 


This year’s annual investment meeting was attended by two representatives from the Seychelles Investment Board, Mr.  Roland Laljee, Director for Investment Promotion, Ms.  Karine Benstrong, Investment Analyst and Ms. Zenabe Daman, Deputy CEO of the Seychelles Financial Authority.  The team attended various presentations and took the opportunity to expand their knowledge and expertise as well as exchange optimal practices fit for the country.



Seafood Expo Global in Barcelona, Spain

Seychelles attends the Seafood Expo Global in Barcelona, Spain.

The largest-ever Seafood Expo Global opened today Tuesday 25th April 2023, and for the next two days at the Fira de Barcelona’s Gran Via exhibition grounds, which will be the epicentre of business in the seafood industry, gathering exhibitors from every corner of the world. 


The 2023 edition features new country pavillions like Seychelles and new country exhibitors from the Association of Fish Processors and Exporters of Seychelles (AFPES). The Seychelles country pavillion is a collaboration between the Ministry of Fisheries and the Blue Economy, Seychelles Fishing Authority (SFA), Seychelles Investment Board (SIB) and AFPES.


The Seafood Expo Global is a platform to meet qualified buyers with strong purchasing power worldwide and is regarded as one of the trade events that allows the fostering and growing of business in the global seafood market. Exhibiting at Seafood Expo Global will allow our processors to advertise themselves in front of top seafood buyer’s eager to network with our companies. It acts as a platform that connects with attendees from retail and food service industries and network with wholesalers, distributers, importers and exporters which helps facilitate doing business in the global seafood industry easy and accessible.


SIB Visit to “At Sea”

Located on Ile Perseverance, At Sea is a mixed commercial development consisting of a restaurant, bar, takeaway, and 10 residential apartments. A team from the post-investment support unit visited the development to appraise the progression of the development and provide any guidance on the way forward.


The development took two years to complete due to complications from the COVID-19 pandemic and the unavailability of certain materials. At the moment all ten of the residential apartments are occupied, and the restaurant, bar, and takeaway is open to the public.



Seychelles Investment Forum in Dubai

The Seychelles Investment Board, along with the Minister of Investment, Entrepreneurship and Industry, the blue economy, and the departments of Sports and Tourism, attended the Seychelles Investment Forum at the Dubai Expo Business Centre, focusing on the opportunities for Sports Tourism as an investment prospect in Seychelles.


The event provided an opportunity for Seychelles to highlight various investment opportunities available in Seychelles related to Sports Tourism and potential activities that can take place throughout the Islands that have the potential to yield a high level of investment.


The presentations focused on the recommended opportunities in Sports Tourism, as well as the various potential areas of investment in Sports Tourism, the investment landscape, the ease of establishing a business in Seychelles, and the steps to invest in Seychelles. The forum came to a close with a productive networking session.






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