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Capacity Building Programme between the Economic Development Board and the Seychelles Investment Board

A delegation led by the Seychelles Investment Board (SIB) is currently on an official visit to Mauritius from 24th to 26th January 2018. The delegation comprises officials from the Ministry of Investment, Industry and Entrepreneurship Development, Ministry of Employment, Immigration and Civil Status, Seychelles Licensing Authority, Seychelles Chamber of Commerce & Industry, Small Enterprise and Promotion Agency, Department of Immigration, Registration Division, Department of Investment. The main objective of this visit is to create a framework for cooperation, consultation and exchange of information between both entities.

In this context, the Investment Office of the Economic Development Board has worked out a full-fledged capacity building programme for the delegation. Accordingly, the Investment Office welcomed the delegation for a working session on Wednesday 24th January 2018. Mr. Vinay Guddye, Head of Outward Investment presented an overview of the Mauritian Economy and Investment Landscape and emphasized the role of the Africa Centre and the Mauritian Africa Strategy. The working session also provided a platform to showcase the institution`s experience regarding various clusters namely agribusiness, freeport, manufacturing, ocean economy, Technology, innovation & services, smart city and real estate, education, film and healthcare. A presentation on the one-stop-shop concept, business facilitation, registration and due diligence process was also showcased.

It should be highlighted that the SIB was set up in July 2004 as the one stop window for domestic and foreign investors. The SIB Board has as main objective to formulate investment promotion policies, plans and marketing strategies and undertake promotional activities to attract foreign and local investments in Seychelles.

The programme aimed at showcasing the pivotal role of EDB in the coordination and implementation of policies aimed at improving the ranking of the country in international benchmarks such as the World Bank Doing Business Report . This exercise along with other similar knowledge & experience sharing programmes also enhance the position of Mauritius as the Knowledge, Trade and Investment platform of Africa.

26th January 2018