Investors in Seychelles dollar debt are being rewarded with region-beating returns almost six years after the Indian Ocean archipelago defaulted as an improvement in tourism spurs economic growth.
Seychelles’s weakening rupee is fueling inflation and risks reducing the foreign reserves of the Indian Ocean archipelago, central bank Governor Pierre Laporte said.
A court in the Seychelles sentenced five Somali pirates to 18 years in prison for attacking French ships in the Indian Ocean, the Seychelles Nation reported.
The Costa Allegra, the Carnival Corp. cruise liner that became stranded in the Indian Ocean after a fire, arrived in the Seychelles port of Victoria under tow from a French fishing boat.
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