Africa > East Africa > Seychelles > Business / Trade

Business / Trade in Seychelles

  • Africa: USA-Africa - No Policy? Bad Policy? or Both?

    BOTSWANA, 2017/08/30 "Africa is terra incognita for the Trump Government: a continent it cares little - and understands even less - about. With no dyed-in-the-wool Trumpian Africa hands available, the government appears ready to cede Africa policy making to career civil servants and a few mainstream Republican appointees." - Matthew T. Page The headline to Page's article in Quartz Africa states that "Donald Trump could be getting his US-Africa policy right by simply not having one." His view is actually additional nuanced, in judging that no policy would likely be only "less bad" than explicitly "bad policy" that may result from better White Home interest in Africa.
  • Africa: 'Market Information Gap Threatens U.S.$400 Billion Intra-Africa Trade'

    BOTSWANA, 2017/07/14 Access to data across African economies, which has been hindered by the fragmented nature of the respective markets, is currently threatening a $400 billion intra-Africa trade potential. Africa Export-Import Bank (Afreximbank) said the present transactions price at $170 billion remained their due to wide gap in market data, which presently needs to be closed to foster accelerated trade integration. Meanwhile, the size of intra-African trade could be doubled from the current level of about $170 billion per year to almost $400 billion by addressing the issue of availability of market data on the continent.
  • Tripartite Free Trade Area plods along slowly in Africa

    BOTSWANA, 2017/06/24 Trade between African nations has long been outstripped by intra-regional trade in other parts of the world – for Africa as a whole, intra-regional trade is between 10% and 13% of total trade. This is far lower than in regions such as the EU, where about 60% of trade is between member states, and the Association of South-east Asian Nations, which has a rate of about 25%. Intra-regional trade in North America is put at about 40%. However, the ratification of the Tripartite Free Trade Sector(TFTA) – potentially later in 2017 – could help change that and push the development of additional intra-regional trade increase. A pan-regional free-trade zone, the TFTA stretches from Cairo to Cape Town and encompasses 26 African nations. Africa’s Tripartite Free Trade Area would reduce regional tariffs and create a pan-African single market, to aid development and cash in on a growing middle class in the continent. But with member countries often belonging to multiple economic areas, progress is both complex and slow, as Kit Gillet reports.  
  • Importers threaten to increase prices of goods if government implements tax to fund African Union

    BOTSWANA, 2017/06/15 Importers have threatened to increase the prices of goods if the government implements the 0.2% import tax to fund the AU. Mr Samson Awingobit Asaki, Executive Secretary of the Importers and Exporters Association, told the Ghana News Agency that the implementation of the tax would increase the cost of operation for importers. Mr Asaki added that at the same time as it happens like that, they would have no other choice than to transfer the cost onto the prices of goods for the consumers.
  • Seychelles and Abu Dhabi Strengthen and Consolidate Relations

    UNITED ARAB EMIRATES, 2016/11/24 The President of the Republic of Seychelles, Mr Danny Faure, undertook a working visit to Abu Dhabi following an invitation from His Highness Sheikh Mohammed bin Zayed Al Nahyan, Crown Prince of Abu Dhabi and Deputy Supreme Commander of the UAE Armed Forces. During their conference yesterday, President Faure and His Highness Sheikh Mohammed bin Zayed Al Nahyan reviewed the existing bilateral relations between the two nations, and exchanged views on strengthening and consolidating these relations for the mutual benefit of both peoples.
  • Economic integration is helping boost trade and investment in Africa

    BOTSWANA, 2016/05/13 The collapse of virtual borders is one of the majority remarkable things to have happened in our lifetimes. In the world of cyberspace, time and distance have become almost peripheral considerations at the same time as it comes to doing business. Services from software development to accounting can be delivered across the world in the blink of an eye. Next business leaders will struggle to imagine an era at the same time as communication was neither immediate nor virtually free.
  • East Africa trading bloc ranked high in regional integration

    DJIBOUTI CITY, 2016/04/04
  • East Africa: Region's Exports to EU Face Tough Conditions

    ITALY, 2015/09/13 Mistrust has emerged part the East African Community partner states over Tanzania's commitment to the Economic Partnership Agreement that would give the region's goods business-free access to European markets. Tanzania is likely to delay the signing and ratification of the EPA document on the grounds that it was rushed through. Dar es Salaam has threatened not to sign the transaction before its concerns on contentious issues are addressed. The region has until December 31 to sign the transaction with the European Union or go back to the negotiating table.
  • Ghana is aiming to further develop with Seychelles

    GHANA, 2015/09/12 Aviation, art and culture, tourism and fisheries are part areas of cooperation Ghana is aiming to further develop with Seychelles, in a bid to strengthen the existing bilateral and historical ties between the two nations. This was highlighted by the new High Commissioner of Ghana, Kwesi Ahwoi, in an interview with the local press, this morning. According to the high commissioner, Memorandum of Considerate [MoUs] which will lead to agreements in the various fields of cooperation are being worked on.
  • Seychelles and Madagascar Eyeing Twin Destination Marketing With Easing Air Access

    MADAGASCAR, 2015/03/02 The launching of flights by the Seychelles national airline, Air Seychelles to link the Indian Ocean archipelago's mainland of Mahé to Madagascar's capital of Antananarivo is prompting the two island nations to forge partnerships for marketing as twin destinations. Flights between the two neighbouring Indian Ocean island national re-commenced on December, 03, last year next a hiatus of 33 years. This has been followed by the signing of a codesharing agreement between the two nations' respective national airlines on Wednesday which will allow Air Seychelles to carry Air Madagascar's MD airline designator and flight code on Air Seychelles' twice-weekly flights between Antananarivo and Mahé.