Seychelles to get stock exchange this year

By IANS,

Victoria (Seychelles) : The financial system of the Seychelles – an island nation in the Indian Ocean – which presently is bank-based, will get a boost by the opening of a stock exchange this year, officials said.

---

Support TwoCircles

---

The Seychelles Stock Exchange will start operating later this year, said Steve Fanny, chief executive officer of the Seychelles International Business Authority (SIBA).

SIBA, responsible for setting up the stock exchange, is working with other authorities like the Central Bank of Seychelles and the ministry of finance, Xinhua reported citing the Seychelles Nation daily.

Many companies and big hotels will qualify to be listed on the Seychelles Stock Exchange.