Why Seychelles is the richest country in Africa

This is why Seychelles is the richest country in Africa

It will interest you to know that Seychelles is the least corrupt country in Africa, this has also aided in making the country the richest and most developed in Africa. Question is, what makes the smallest Country in Africa the richest and most developed in the region? Well, that’s what we’re about to find out in this video.


Seychelles is an island country in the Indian Ocean. It is made up of around 115 small islands. With a population of only 92,000, it has the tiniest population of any country in Africa. It ranks as the richest country of Africa, with a reported per capita GDP of $16,332 in 2021. Seychelles is characterized as a highly developed country. However, income inequality is also rampant. The country's economy is largely based on tourism. Fishing and the processing of natural resources such as coconut also play an important role. Before tourists began to visit the country, plantations used to drive the economy of Seychelles. In recent decades, the government has tried to come up with initiatives to reduce the dependence on tourism. Although it has been suspected that Seychelles may harbor offshore oil reserves, to this date none have been found.

Seychelles was uninhabited prior to being encountered by Europeans in the 16th century. It faced competing French and British interests until coming under full British control in the late 18th century. Since proclaiming independence from the United Kingdom in 1976, it has developed from a largely agricultural society to a market-based diversified economy, characterized by rapidly rising service, public sector, and tourism activities.

Growth has been led by the tourist sector, which employs about 30% of the labour force, compared to agriculture which today employs about 3% of the labour force. As of 2013, the main export products are processed fish (60%) and non-fillet frozen fish (22%). The prime agricultural products currently produced in Seychelles include sweet potatoes, vanilla, coconuts and cinnamon. These products provide much of the economic support of the locals. Frozen and canned fish, copra, cinnamon and vanilla are the main export commodities.

From 1976, year of Seychelles’ independence to 2019, nominal GDP grew nearly 700%, and purchasing power parity nearly 1600%. Since the late 2010s, the government has taken steps to encourage foreign investment.
Today, Seychelles boasts the highest nominal per capita GDP of any African nation. It has the second-highest Human Development Index of any African country after Mauritius. It is one of only two African countries classified as a high-income economy by the World Bank with the other being Mauritius.

Since the worldwide economic crises of 2008, the Seychelles government prioritised a curbing of the budget deficit, including the containment of social welfare costs and further privatization of public enterprises. The government has a pervasive presence in economic activity, with public enterprises active in petroleum product distribution, banking, imports of basic products, telecommunications and a wide range of other businesses. According to the 2013 Index of Economic Freedom, which measures the degree of limited government, market openness, regulatory efficiency, rule of law, and other factors, economic freedom has been increasing each year since 2010.

The national currency of Seychelles is the Seychellois rupee. Initially tied to a basket of international currencies, it was unpegged and allowed to be devalued and float freely in 2008 on the presumed hopes of attracting further foreign investment in the Seychelles economy.

Seychellois culture and society is an eclectic mix of French, British, and African influences, with more recent infusions of Chinese and Indian elements. The country is a member of the United Nations, the African Union, the Southern African Development Community, and the Commonwealth of Nations.
Seychelles has emerged as the least corrupt country in Africa in the latest Corruption Perception Index report released by Transparency International in January 2020. This has played a major role in making Seychelles Island the country that it is today.

[mr.adventure]

I'm gonna add this country to my bucket list.

[Toraja-]

Iam froom indonesia, iam working in seychelles has been 1 years

[angelemily]

4:15 the way you said seychellois was touristy like you haven't heard someone from Seychelles say it 😂 (I don't mean for this to be offensive It's just I'm from Seychelles and I find the way you say seychellois very funny )
Try saying it like this:
Sey shell wa
😁😁
Other than that great video 👍

[WantnSup]

The country owes a great debt of gratitude to France Albert René the President (1977 to 2004) who established most of today’s infrastructure and, unlike many of the African leaders at the time, ran the country without corruption. During that period, the country made a heavy investment in educating the population and today’s group of leaders emerged from his work.

[justiceofori]

How can i move to seychelles with my family

[jamesbenoiton]

Seychelles is 1500kms off the east coast of Africa not on mainland Africa, it is part of the African congress, the past 2 presidents of seychelles Albert Rene and lately james Michel after 40 years plus in power has left our beautiful little country in a financial mess and the seychelles can never pay back the debt that's why seychelles heavily relies on foreign aid to keep the country going.

[dimitrykoffi]

4 The path to moksha or eternal paradise is not that of human intelligence or meditations but that of the prophetic revelation of God Himself who reveals His perfect will to who He wills. In Genesis, God asked Abel and Cain for an offering. After reflection and meditations, Cain made an offering to God according to the religions, but Abel said to God: "O God, I a man, how can I know your will unless you reveal it to me?" and then God said to him, "Abel! Because you have been wise to recognize that you are nothing without me, I will reveal to you the offering that I love." And God said to Abel: "Of all your flock, take the firstborn of your male lambs, without blemish, one year old, and burn their fat on an altar as an offering. And as the smoke of the fat rises to me in heaven, I will come down and bless you." Abel did according to the revelation and God accepted his offering. 

5  You inhabitants of the earth, can a man know this offering if God does not reveal it to him? No. Never! And this is my belief. I am one who believes that God can only accept what He has revealed. Everything Moses did, it was God who revealed it to him. The construction of the ark was a revelation from God to Noah. And the Lord Jesus said: "I do nothing save whatever I see God doing first." Everything I have done and preached to this day, I have based myself on divine revelations. Branhamists say of me: "With Kacou Philippe, they are dreams and visions" and I say: Amen to that. For example: You pagans, a force can immobilize you in your sleep and you do not know what it is but I, with my own eyes, I saw this satanic force move in a house and I defeated it. And it is this force that will immobilize the dead in their graves when the prophets and those who believed in them in their time will resurrect and go up to heaven.

6 In 1993, I stood in the same place as Moses in Genesis 1:2. The earth was in darkness and it was the appearance of the Angel and the Lamb in heaven that brought Light to the earth and I went and stood with them on the waters. And we formed a constellation above the waters. And one morning, I was invisible to men. I was a transparent cloud similar to the mirage which is above fire or the ground when the sun is scorching. I was the angel of judgment. And I could see people and I could hear them and I moved without a body in the sky but nobody saw me because I was invisible. God was showing me that I am a prophet, a rishi and that one day, when I leave the earth, I will return to this divine position with those who have believed in me and who have received purification through my Message, which I received from the Angel and the Lamb on April 24, 1993.  [Kc.130v2] [Kc.136v5]

Download the free application PROPHÈTE KACOU PHILIPPE kacou (official) on playstore for Android or App store for iPhone prophète kacou Philippe

Contact
Apostle Yanick Aka
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[jolseywales]

I don’t know if I would feel safe traveling to a black country. The blacks here in America are unbearable 😢