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Country Code: 690 | ISO2 Code: SC | ISO3 Code: SYC

The Republic of Seychelles is an archipelago comprising 115 islands with a land mass of 455km² located to the northeast of Madagascar in the Indian Ocean. It is the smallest country in the African Union with a population of 99.3 million people and a GDP of US$1.5bn. It has one of the highest rates of adult literacy on the continent.

Mineral production does not play a significant part in the economy, and consists of small quantities of common building materials extracted for domestic consumption.

Over the last decade, growth has primarily been a result of the expansion of the tourism sector, which employs about 30% of the labour force and provides more than 70% of hard currency earnings. Policy reform to promote fishing, agro-processing and import-substituting industries is also expected to lead the direction of growth in future. The war in Ukraine reduced tourist arrivals from Russia and Ukraine, but an increase in arrivals from Western Europe has muted the impact. The economy continued to recover in 2022, driven by a rebound in tourism and the services sector. In the first half of 2022, tourist arrivals were at about 70% of the 2019 level (in contrast to the 60% decline in 2020).

GDP growth rebounded to 7.9% in 2021 and 9.5% in 2022, exceeding the East Africa averages of 4.7% and 4.4%. GDP growth is projected to slow to 5.1% in 2023 and 4.2% in 2024 amid global supply chain disruptions due to Russia’s invasion of Ukraine. Monetary policy is projected to remain accommodative, and inflation is projected to rise to 4.3% in 2023 and 4.4% in 2024 on slower growth and higher import prices.

Sources: Who Owns Whom sector reports, CIA Factbook, African Development Bank, World Bank, Trading Economics, African Statistical Yearbook and IMF.

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Sector Research

CompanyName Stock Exchange Listed Date Ticker Code Country Status
555N Phoenix Arizona Ltd MERJ Exchange Ltd 2021-03-15 ORUSM29 Seychelles Active
Atlanta Dental Portfolio Ltd MERJ Exchange Ltd Seychelles Active
Atlanta Portfolio Ltd MERJ Exchange Ltd 2020-02-28 ORUSM524 Seychelles Active
Cable & Wireless (Seychelles) Ltd MERJ Exchange Ltd 2022-09-26 CWS Seychelles Active
Campo de Borja Ltd MERJ Exchange Ltd 2017-06-21 CDBL Seychelles Active
Cantabria Ltd MERJ Exchange Ltd 2017-06-21 CANL Seychelles Active
Entrepreneur Resorts Ltd MERJ Exchange Ltd 2017-07-19 ERL Seychelles Active
Fleming Island Jacksonville Ltd MERJ Exchange Ltd 2021-08-31 ORUSM32 Seychelles Active
Glenridge Point Atlanta Ltd MERJ Exchange Ltd 2019-07-26 ORUSM22 Seychelles Active
Investment Evolution Corporation MERJ Exchange Ltd IEC Seychelles Active
Jumilla Ltd (Incorporated in Seychelles) MERJ Exchange Ltd 2017-06-22 JUML Seychelles Active
Kenwood Crossing Cincinnati Ltd MERJ Exchange Ltd Seychelles Active
La Mancha Ltd MERJ Exchange Ltd 2017-06-21 LAML Seychelles Active
MacArthur Plaza Irving Ltd MERJ Exchange Ltd 2017-07-24 Seychelles Active
Meridian Plaza New York Ltd MERJ Exchange Ltd 2019-10-04 ORUSM23 Seychelles Active
MERJ Exchange Ltd MERJ Exchange Ltd 2019-05-28 MERJ-S Seychelles Active
Minervest Ltd MERJ Exchange Ltd 2019-11-22 MVST-S Seychelles Active
Old Milton Atlanta Ltd MERJ Exchange Ltd 2019-12-06 ORUSM25 Seychelles Active
Old Milton Parkway Alpharetta Ltd MERJ Exchange Ltd Seychelles Active
Orbvest Ltd MERJ Exchange Ltd 2018-07-31 ORB Seychelles Active
Otazu Ltd MERJ Exchange Ltd 2017-06-22 OTAL Seychelles Active
PKF PCC Cell Class 1 MERJ Exchange Ltd 2020-09-16 PKFPCC1 Seychelles Active
PKF PCC Cell Class 2 MERJ Exchange Ltd 2021-03-26 PKFPCC2 Seychelles Active
PKF PCC Cell Class 3 MERJ Exchange Ltd 2021-07-05 PKFPCC3 Seychelles Active
Princeton 300A Hightstown New Jersey Ltd MERJ Exchange Ltd 2020-10-29 ORUSM28 Seychelles Active
Princeton 300B East Windsor NJ Ltd MERJ Exchange Ltd 2021-05-28 ORUSM31 Seychelles Active
Ribera del Duero Ltd (Incorporated in Seychelles) MERJ Exchange Ltd RDDL Seychelles Active
River Place Boulevard Ltd MERJ Exchange Ltd 2019-04-01 ORUSM14 Seychelles Active
SACOS Group Ltd MERJ Exchange Ltd 2013-08-08 SAC Seychelles Active
San Antonio Highpoint Ltd MERJ Exchange Ltd 2018-09-28 ORUSM12 Seychelles Active
Seychelles Breweries Ltd MERJ Exchange Ltd 2016-06-30 SBL Seychelles Active
Shadow Glen Austin Ltd MERJ Exchange Ltd 2017-10-13 ORUSM8 Seychelles Active
Solid Oak Insurance PCC Ltd MERJ Exchange Ltd 2020-12-14 SOL Seychelles Active
Somontano Ltd MERJ Exchange Ltd 2017-06-22 SOML Seychelles Active
Talavi Phoenix Arizona Ltd MERJ Exchange Ltd 2021-05-03 ORUSM30 Seychelles Active
Trois Freres Distilleries Ltd MERJ Exchange Ltd 2021-05-13 TAKA Seychelles Active
Two Forest Plaza Dallas Ltd MERJ Exchange Ltd 2020-03-31 ORUSM26 Seychelles Active
Valdepusa Ltd (Incorporated in Seychelles) MERJ Exchange Ltd 2017-06-22 VALL Seychelles Active
West Orange Florida Ltd MERJ Exchange Ltd 2021-10-18 ORUSM33 Seychelles Active
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