Seychelles and UK Announce New Economic Security Agreement

Article Published on October 30, 2024

The Seychelles and the United Kingdom have reaffirmed their commitment to collaborate on enhancing economic growth, combating corruption and addressing climate change. This announcement came from the UK Minister for Africa, Lord Collins of Highbury, following his meeting with Seychelles President Wavel Ramkalawan.

During his visit in Seychelles, he aimed to strengthen bilateral relations by focusing on economic security, financing for hospitals and infrastructure projects and establishing a partnership in health and education between the University of Oxford and the University of Seychelles. He highlighted a new agreement to combat illicit financing, promoting transparency in Seychelles.

He also opened the first in-person meeting of the African Beneficial Ownership Transparency Network, which aims to tackle corruption through improved corporate ownership disclosure. As the first UK Minister to visit Seychelles in over a decade, he expressed enthusiasm about the collaboration, emphasising its potential to enhance environmental protection and foster economic prosperity for both nations.