The Seychelles began three days of voting on Thursday in a presidential election in which the incumbent’s bid for a third term has been challenged by a rival who says economic growth on the Indian Ocean archipelago has favoured the rich. The nation of 115 islands and 93,000 people relies on tourism but also has expanding fisheries and financial services industries. The economy is forecast to expand by more than 4 percent in 2015, according to the International Monetary Fund. “People, especially the thriving business community, appreciate the big turnaround in our national economy,” incumbent James Michel, 71, told the Nation newspaper this week in an interview published on its website.Full Article: Seychelles presidential race starts, economy in focus | Reuters.
Dec 3 2015