International Oil Companies (IOCs) that have been eyeing East
Africa may want to look beyond established jurisdictions like Kenya
and Mozambique. Across the water that is, to the Indian Ocean
islands of Seychelles, Mauritius and Comoros. All three islands
offer interesting opportunities, but in this short article I'll
be concentrating on just one of them – Seychelles.
General Background and Geology
Seychelles, which lies outside the cyclone belt, enjoys a stable
weather system, with daytime highs ranging between 25 and 31⁰
C. Besides being a high-end tourism destination, Seychelles has a
thriving fishing industry, and a versatile port that can
accommodate container ships and tankers. There's an
international airport, with flights to Europe, Africa, the Middle
East and Asia. Telecommunications are good. The country is
politically stable. The population of some 87,000 is well educated.
In short, it's a good place to do business.
