| République des Seychelles Republic of Seychelles | |||||
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| National motto: Finis Coronat Opus (Latin: The End Crowns the Work) | |||||
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| Official languages | Creole; English and French | ||||
| Capital | Victoria | ||||
| President | James Michel | ||||
| Area - Total - % water | Ranked 177th 455 km² Negligible | ||||
| Population - Total (year) - Density | Ranked 181st 81,188 (2005 est.) 178/km² | ||||
| Independence - Date | From the United Kingdom June 29, 1976 | ||||
| Currency | Seychelles rupee | ||||
| Time zone | UTC +4 | ||||
| National anthem | Koste Seselwa | ||||
| Internet TLD | .sc | ||||
| Calling Code | 248 | ||||
While Arab traders were probably the first to visit the uninhabited Seychelles, the first recorded sighting of them took place in 1505, by the Portuguese. As a transit point for trading between Africa and Asia, they were occasionally used by pirates until the French began to take control of the islands starting in 1756, naming them after Jean Moreau de Sechelles, the then French finance minister.
The British contested control over the islands with the French between 1794 and 1811, with the British eventually gaining the upper hand and being ceded the islands in 1814. The Seychelles became a crown colony separate from Mauritius in 1903 and independence was granted in 1976, as a Republic within the Commonwealth. The 1979 Constitution declared a socialist one-party state, which lasted until 1992.
The Seychellois President, who is both Head of state and Head of government, is elected by popular vote for a five-year term of office. The previous president, France-Albert René, was democratically elected after the constitutional reforms of 1992, though he had been in power since a Coup d'état in 1977. He stood down in 2004 in favour of his vice-president, James Michel. The Cabinet is presided over and appointed by the president, subject to the approval of a majority of the legislature.
The unicameral Seychellois Parliament, the National Assembly or Assemblée Nationale, consists of 34 members, of whom 25 are elected directly by popular vote, while the remaining 9 seats are appointed proportionally according to the percentage of votes received by each party. All members serve five-year terms.
Politics is a topic of hot debate in the country - with many claiming theres a social and economic divide between the two leading parties and their supporters.
The Seychelles are part of the Indian Ocean Commission.
The main island, Mahe, is divided into 23 administrative regions, called districts:
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The Seychelles constitute an Archipelago in the Indian Ocean of about 115 islands, of which 33 are inhabited. The group of islands around Mahé consist of Granite and are the largest and most populated of the country. The remaining outer group consists of smaller Coralline atolls. The capital city, Victoria, is situated on Mahé, which is the largest island and home to about 80% of the total population, as well as the Seychelles' highest point, the Morne Seychellois at 905 m.
The local Climate is tropical, tempered by marine influences and fairly humid. The southeast Monsoon is a generally cooler season which lasts from late May to September, while the warmer northwest monsoon lasts from March to May. The Seychelles are fortunate to lie outside the Tropical cyclone belt.
Seychelles largely escaped the Asian Tsunami of December 2004 spawned by an earthquake. However, the islands did see significant flooding and damage - as well as large loss of marine life and deathtoll of three persons.
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Since independence in 1976, per capita output has expanded to roughly seven times the old near-subsistence level. Growth has been led by the tourist sector, which employs about 30% of the labour force and provides more than 70% of hard currency earnings, and by Tuna fishing. In recent years the government has encouraged foreign investment in order to upgrade hotels and other services.
At the same time, the government has moved to reduce the dependence on tourism by promoting the development of farming, Fishing, and small-scale Manufacturing. The vulnerability of the tourist sector was illustrated by the sharp drop in 1991-1992 due largely to the country's significantly overvalued exchange rate, the Gulf War and once again following the September 11, 2001 attacks on the U.S.. Other issues facing the government are the curbing of the budget deficit, including the containment of Social welfare costs, and further privatisation of public enterprises. The government has a pervasive presence in economic activity, with public enterprises active in petroleum product distribution, insurance, banking, imports of basic products, telecommunications, and a wide range of other businesses.
Growth slowed in 1998–2001, due to sluggish tourist and tuna sectors. Also, tight controls on exchange rates and the scarcity of foreign exchange have impaired short-term economic prospects. The Black market value of the Seychelles rupee is half the official exchange rate; without a devaluation of the currency the tourist sector should remain sluggish as tourists seek cheaper destinations such as nearby Comoros and Madagascar.
At official exchange rates Seychelles remains the richest country in Africa in terms of GDP per capita. (US$7,504 as of 2005), although if the parallel exchange rate, or purchasing power parity rates, are used, it ranks behind Mauritius and Botswana. Because of economic contraction (the economy declined by about 2% in 2004 and is set to decline by at least the same level in 2005) the country is moving downwards in terms of per capita income.
It is important to note that Seychelles is the most highly indebted country in the world, with total public debt around 200% of GDP. Approximately two thirds of this debt is owed domestically, with the balance due to multilaterals, bilaterals and commercial banks. The country is in arrears to most of its international creditors and has had to resort to pledged commercial debt to continue to be able to borrow. This high debt burden is a direct consequence of the overvalued exchange rate — in essence, the country is living beyond its means, and financing its lifestyle by borrowing domestically and internationally.
As the islands of the Seychelles had no indigenous population, the current Seychellois are composed of immigrants, mostly of French, African, Indian, and Chinese descent. French and English are official languages along with a French-based Creole. Most Seychellois are Christians, mostly Catholics.
| Countries in Africa | ||
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| Dependencies: British Indian Ocean Territory | Canary Islands | Ceuta and Melilla | Madeira Islands | Mayotte | Réunion | Saint Helena and dependencies | ||