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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.




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