01.12.10
Finance Minister says investment in modern technology vital
On January 7, Finance Minister Danny Faure said that high investment in modern technology and telecommunications is vital because more businesses come to Seychelles’ shores and the demand for new products increases.
The Minister was speaking after a tour of the Cable & Wireless (C&W) headquarters and telecommunication facilities on Francis Rachel Street, Victoria.
The Minister’s visit was aimed to explain the current tax reforms. Also, this visit was a chance for Mr Faure and officials from the Ministry of Finance and the Department of Information Communications Technology to see themselves the work of the company.
It should be noted that the visit coincided with the tax reform talks held with the Cable & Wireless management. Mr Faure was impressed by the level of development and investment, especially in modern equipment, that the company has made. He said that the company has prepared itself for any future development.