04.11.09
Seychellois President urges entrepreneurial development
President James Michel has recently repeated his call for Seychellois to be innovative and develop as entrepreneurs because this is a good way to make for a living and to create employment. President Michel expressed his confidence that in future this will be an important sector in the economy of Seychelles.
This was said in the speech the President held in his monthly television programme entitled En Moman Avek Prezidan. The theme of this progremme’s interview was employment. He noted that creating jobs is not easy, and employment comes through investment or through the support to businesses in the private sector.
To urge entrepreneurial development, the President announced a doubling of funds of the Small Credit Agency – from R10 million to R20 million and an increase in the maximum amount that can be borrowed by from R200 000 to R300 000. The economic programme is aimed to encourage people to start their own businesses.
The President suggests that small businesses, especially those Seychellois-owned ones, are of a special importance.