Stakeholders meet to discuss ease of doing business

Stakeholders meet to discuss ease of doing business

19-September-2017

The government and the private sector yesterday got together informally to engage in high level discussions and find solutions to improve the ease of doing business in Seychelles.
This took place through a breakfast meeting organised by the Seychelles Chamber of Commerce and Industry (SCCI) in collaboration with the Ministry of Industry, Entrepreneurship Development and Business Innovation.
The meeting, held at the Savoy Resort & Spa, was attended by the Minister for Industry, Entrepreneurship Development and Business Innovation Wallace Cosgrow and his delegation, the acting chairman of SCCI Oliver Bastienne and delegation, representatives from the Small Enterprise Promotion Agency (Senpa), the Association of Young Entrepreneurs and other stakeholders in the micro, small, medium and large enterprises.
Over the first SCCI breakfast meeting, acting chairman Bastienne said even though the current Fitch Rating shows that the overall economic outlook for Seychelles looks stable as good progress has been made along with good servicing of our debt, “unfortunately minister, the ease of doing business indicators show worrying signs. If I can put some stats for you minister, starting a business, 137 out of 190, getting credit 118 out of 190, dealing with construction permits 146 out of 190, minister it shows a worrying trend”, as he added that the SCCI does recognise the hard work the ministry has been doing in terms of formulating policies as SCCI was involved in its formulation.
http://www.nation.sc/article.html?id=255722

Protecting the rights of investors

05-December-2017
In continuation of the material enlightened in the article published in the newspaper of Februay 2017, we carry on following the development of the situation. To remind you of the issue: it was the first time when the rights of the investors were protected.
In the meantime in the frames of the process the lawyer for one of the parties requested from the Court of Appeal to prohibit the enforcement of any international arbitration awards in the Seychelles. And when he was questioned what if the clause of the contract with investor stipulates that the dispute should be resolved by means of international arbitration, he replied that such contracts can be signed, parties should participate in the process, but the execution of the award is unavailable.
To which result will the judgement lead?
It’s obvious that future investors take into serious consideration the question of whether to bring investments in the country where the interests are not guarded by law. Up to the existing investors, probably they would leave the country.
In fact such kind of decision aligns us with the alien countries which no one wants to deal with.

Contributed

Trainers set for second round of entrepreneurship training
http://www.nation.sc/article.html?id=257652