Saturday, September 18, 2021

Seychelles

AfricaSeychelles

Seychelles, formally the Republic of Seychelles (French: République des Seychelles; Creole: Repiblik Sesel), is an Indian Ocean archipelago and nation. The 115-island nation, whose capital is Victoria, is located 1,500 kilometers (932 miles) east of East Africa’s continent. To the south, other adjacent island countries and territories include Comoros, Mayotte, Madagascar, Réunion, and Mauritius. It has the smallest population of any independent African state, with around 92,000 people; yet, it has a bigger population than the British overseas territories Saint Helena, Ascension, and Tristan da Cunha.

The African Union, the Southern African Development Community, the Commonwealth of Nations, and the United Nations all include Seychelles as a member. Following its independence from the United Kingdom in 1976, Seychelles transitioned from a mostly agricultural society to a market-based, diverse economy, with agriculture being displaced by fast growing service and public sectors, as well as tourism.

Since 1976, per capita productivity has approximately sevenfold grown. In recent years, the government has promoted foreign investment in certain industries in order to modernize them. Seychelles now has Africa’s highest nominal per capita GDP. It is one of just a few African countries with a high Human Development Index. Despite the country’s newfound economic success, poverty remains prevalent due to the country’s extremely high degree of income inequality, which is among the greatest in the world, and the country’s poor wealth distribution.

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