Seychelles is an island country located in the Indian Ocean, northeast of Madagascar and about 1500km east of mainland S.E Africa. It consists of an archipelago of islands, with an estimated surface area of 455 square kilometres and a population of about 89 000 people. This makes it the smallest country in Africa in terms of surface area and population.
Seychelles is a member of the COMESA (Common Market for Eastern and Southern Africa), Indian Ocean Region (IOC) and the Southern African Development Community (SADC). Its economic profile is summarized below: It’s primarily a services driven economy with primary reliance on tourism and fisheries for both livelihoods and export revenue. The services sector contributes to about 71% of the economy, with manufacturing at 9 % and agriculture at 3%. Tourism is estimated to account for 29 percent of GDP, providing about 30 percent of employment and 70 percent of foreign exchange earnings. Seychelles enjoys an Exclusive Economic Zone (EEZ) of almost 1.4 million square kilometers in one of the world’s major tuna fishing grounds promoting tuna fishing and processing which accounts for about 8 percent of GDP and 35 percent of exports.
The Private sector is represented by the Seychelles Chambers of Commerce and Industry- SCCI. The Seychelles Chamber of Commerce and Industry is an organization of businesses and companies in Victoria with the intention to develop and further the interests of local companies and businesses in Seychelles . Many businesses are international operating companies with offices in Seychelles. Members of a Chamber of Commerce are usually international and local operating companies, such as lawyers, property developers, tourism companies, airlines, manufacturing companies, import and export businesses, banks, finance companies, legal advisors, IT and electronics manufacturers etc. Chambers of Commerce main activities are, among others, safeguarding business interests and sharing business experiences and business interests, contact with governments, civil society, local media and the press and organizing trade shows and events.
Private Sector Participation
- Seychelles Chamber of Commerce and Industry. http://www.scci-sey.org
- Small Enterprise Promotion Agency www.senpa.sc