A team from Post-Investment support unit paid a visit to the Management team of the Coco D’or Hotel. The team met with the General Manager and the Financial Controller to keep abreast of the day-to-day running of the business.

Located at Beau Vallon, Coco D’or is a 3-star creole style hotel that came into existence 40 years ago.  The hotel consists of 27 rooms and 3 specialised restaurants (Creole, Chinese, Pizzeria) with a workforce of 31 staff of which the majority are Seychellois.

The management informed the SIB team that they have not been affected by the COVID-19 pandemic as their client base is mostly repeated guests.  They also welcome many local guests.  Over the partial lockdown, guests extended their stays and they were still welcoming local guests.

The management shared their plans for the establishment as well as constraint and challenges they are currently facing. The SIB team was able to provide guidance on certain topics and offered their assistance should they require further post-investment support.

The team met with Mrs. Prea, the manager of J’adore Seychelles to explore the company history and the services offered. J'adore Seychelles was established in 2019 as a tour operator and travel agency providing services such as meet and greet at the airport, transfers and operator of various excursions which include island tours, glass bottom boat rides and island hopping.

During the visit, Mrs. Prea discussed the many constraints the company is facing especially during the pandemic. The team offered advice on how SIB can assist in overcoming certain constraints.

Mrs. Prea also expressed her plans to expand the business as well as to find innovative ways to keep the agency running and to expand their business activities.

Creslin Enterprise is a Providence-based company that runs a 65 passenger ferry for shuttle transfers between the country’s inner islands as well as live onboard with a maximum capacity of 8 people. The ferry has four cabins and it is equipped with life raft, air-conditioning, TVs and free Wi-Fi. Most of its employees were foreign citizens which left mid-year as the business was non-operational due to the lack of foreign tourists which are their main customers. 

A team from SIB met with the owner; Mr. Dinan, to discuss his one-year journey thus far, exploring some of the constraints that he has been facing as well as discussing on opportunities to grow. Certain constraints include recruitment of local workers, inability to access mooring area and difficulty to reach out to governmental agencies for further assistance.

However, Mr. Dinan was pleased to receive a visit from the SIB team, who are willing to help him liaise with respective authorities to minimize the different constraints, as well as advising him on future re-investment projects.

Creslin enterprise will soon carry out renovation works on the ferry and hope to resume business soon.

A team from our post-investment support unit paid co-owner of Eden Holistic Spa, Mrs. Sabine Hamma a visit, in order to monitor the business' progress and offer consultancy on any queries or future plans that they have. Located at the Eden Plaza and recent winner of the ‘World Luxury Spa 2020’ award for the Indian Ocean, the spa is known for using unique, innovative and 100% natural products such as Regulat Beauty, Master Lin or Eco-Cosmetic to provide the most natural treatments for its clients.

The visit began with Mrs. Hamma showing the team the range of products that her business produces from scented hand sanitizers, massage oil blends, beauty elixirs, healing oils, creams to soothing body oils for babies. Mrs. Hamma also talked about their efforts to constantly innovate new products, such as their machine that produces collagen masks with fresh juice from leaves such as papaya, moringa and bamboo. An exciting project that will be launched in the near future is the spa's own hair salon which will focus on providing high quality hair treatments. The spa currently offers 6 treatment rooms, a couple’s room, nail bar, lagoon area with hammam, experience shower, two changing rooms and a retail area with a wide range of products amongst other services. 

The team was able to hear about the constraints and challenges faced by the business, especially due to COVID-19 and give the necessary advice on the matters raised. Mrs. Hamma was invited to contact SIB should she require further assistance.

The newly appointed Minister for Investment, Entrepreneurship & Industry Mrs. Devika Vidot commended the management and staff of the Seychelles Investment Board (SIB) for the work they are doing in promoting and facilitating local and foreign direct investment in Seychelles. Minister Vidot made this comment after a visit on Monday 9th November to the SIB offices at the Independence House Annex in Victoria.

The visit to SIB was part of a series of familiarisation visits to the organisations under her portfolio. The aim of the visit was for the Minister to officially meet the team and learn about SIB’s role, services, current and future projects, as well as constraints.

SIB’s Chief Executive Officer Ms. Cindy Vidot hosted the visit, together with Principal Secretary for Investment Mr. Michael Nalletamby. Also present at the visit were Mr Gilbert Lebon, the Chairman of SIB, Mr Lenny Gabriel, the Deputy Chief Executive Officer of SIB and Mr. Jeevan Batcha from the Department of Investment.
    

Minister Vidot was given a tour of the Investment Promotion, Investment Facilitation, Policy Advocacy, Planning, Research and M&E, Systems Support and HR, Budget & Admin divisions where she was able to interact with the department heads and staff on their respective functions.

Following the show-round, members of SIB’s management team gave a detailed presentation to give an overview of SIB. The presentation included topics such as budget, the key performance indicators of each unit, the 2018-2022 Strategic Plan, achievements over the past two years including SIB’s rebranding, investment schemes, market research, COVID-19 business continuity plan and investments by various indicators. To conclude, the plans for 2020 and onwards were discussed, including SIB’s efforts to digitise its internal processes to maximise efficiency.

Minister Vidot concluded by sharing the plans to develop a strategy for the parent ministry.

The role of SIB’s Investment Facilitation team is to assist the investor at every step of their investment journey, from business conception to the post-investment stage.

In order to bring more focus to its post-investment services, SIB has created a Post-Investment Support (After-Care) Unit as a branch of its Investment Facilitation Services Division. This unit aims to create value by developing a long-term relationship with investors and provide a proactive and responsive approach to investment support.

Who can benefit from post-investment support services?

Businesses/investors who are in the post-implementation stage of their investment and require assistance, e.g. in the case of an investor who may have plans to re-invest or expand their business.

What kind of support and services are provided?

Administrative Support

Assistance in:

• obtaining your Business Registration, Tax Identification Number (TIN) and license
• identifying service providers such as banks, lawyers, accounting firms, property agents etc.
• obtaining work permits for foreign nationals should you require them

Operational Support

Assistance in:

• obtaining premises or land for expansions
• solving any challenges and provide advice in navigating constraints your business may face
• identifying potential partners
• creating networks with key government agencies and the private sector by connecting you with other businesses, institutions and suppliers.  

Strategic Services

Our strategic services will:

• encourage re-investment, expansion and upgrading your business activities
• support your business during value-added product development.

SIB’s post-investment support services are free and offered to any businesses/investors. We invite you to This email address is being protected from spambots. You need JavaScript enabled to view it. our team for assistance.