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Seychelles SDG Investor Map
Seychelles SDG Investor Map
DownloadTo advance private sector engagement within the wider national development aspirations, the United Nations Development Programme (UNDP), developed the Seychelles SDG Investor Map in partnership with the Ministry of Investment, Entrepreneurship and Industry (MIEI). Following the UNDP’s global methodology, the Seychelles Map is a market intelligence tool that aligns development needs with investment opportunities for the private sector.
Combining development impact and business case analysis and sectoral and sub- regional research, the tool identifies both Investment Opportunity Areas (IOAs) and Emerging Investment Opportunity Areas (EIOAs) at the intersection of national development needs and policy priorities within sectors of critical relevance for Seychelles’ sustainable development progress.
SDG Priority Sectors
Renewable and Alternative Energy
Seychelles aims to increase the share of renewable energy sources in its energy supply from 5% to 15% by 2030. Its 100% Renewable Energy Strategy also seeks to achieve full decarbonization of the energy sector by 2050. Seychelles Energy Efficiency & Renewable Energy Programme (SEEREP), initiated in 2014, offers a subsidized loan for renewable energy investments of Small and Medium Enterprises (SMEs) and households.
Services
Seychelles’ service sector is strongly aligned to its flourishing tourism industry. Seychelles’ Vision 2033 aims to strengthen the tourism sector by managing the environmental impact and supporting the mainstreaming of sustainability practices into business operations and diversifying beyond its traditional “sand, sea and sun” offerings.
Food and Beverage
Agriculture and fisheries have a low contribution to the GDP, accounting for 2.2% together in 2020. 60% of agricultural land remains currently underutilized. As a result, the country is 70% dependent on imported food. The Seychelles National Agricultural Investment Plan aims to improve local food production using sustainable agricultural innovations.
Infrastructure
Investments into cold storage infrastructure contribute to solutions by enhancing processors’ and smallscale producers’ access to capital-intensive market infrastructure, increasing value added from key sectors.
Technology and Communications
Budget 2021 places the digital economy sector within priorities. Seychelles Digital Economy Agenda, devised thereafter, concerns digitizing government services, becoming a FinTech hub and building online payment and cybersecurity capacity. Private sector is included through outsourcing of software and IT services, developed 90% in-house by the Department of ICT (DICT).