AGP Executive Report
Last update: 6 hours agoCurrency Pressure: The World Bank says Seychelles was among seven of 22 African currencies to depreciate by more than 5% at its worst point in Q2 2026, as Middle East tensions and higher energy costs pressured exchange rates. Much of the pressure had eased by August. Financing: At a regional conference in Mauritius, experts urged African countries to mobilise domestic capital to lower borrowing costs. The UN Resident Coordinator for Mauritius and Seychelles called for transparent, accurate assessments to guide investment. Digital Economy: Seychelles’ president and the African Union are pushing for investment and stronger governance to advance the digital economy. Pay and Revenue: Seychelles ranked third in Africa for average monthly take-home pay, at $790, in a 2026 salary comparison. It also placed ahead of Kenya in a continental assessment of tax and revenue mobilisation. Crypto Regulation: Canada’s Supreme Court will hear a case over whether Canadian courts can freeze crypto assets held through Binance entities, including Seychelles-based Nest Services. The ruling could shape how cross-border fraud cases involving digital assets are handled.
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