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The SWITCH Africa Green Networking Forum welcomed on 4^th October 2023 participants from 7 pilot African countries (Burkina Faso, Ethiopia, Ghana, Kenya, Mauritius, South Africa and Uganda) along with grantees from Europe and North Africa SWITCH programmes, as well as experts from various institutions and development partners to deep dive into the theme ‘Advancing Circular Economy in Africa’. The aim of this regional meeting, inter alia, was to have a platform for sharing of knowledge and experiences, pooling efforts to achieve sustainable development and promoting synergies amongst countries for facilitating access to finance and green investments.

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During the fourth edition of the Africa Wealth Summit which took place on 4^th and 5^th October, several African family offices came together for an insightful discussion around the theme “By Africans. For Africans. In Africa.”. In view of the flourishing family office and wealth management industry in Mauritius, the objectives of this meetup have been to explore how Mauritius can bridge family offices, private investors and fund managers whilst fostering deeper
collaboration and build sustainable networks. Talks about the forthcoming Environmental, Social and Governance framework, Mauritius is poised to be an good launchpad for family offices to support the global net-zero agenda, particularly in the spheres of sustainable finance. sustainable and transition finance.

A revised Memorandum of Understanding (MoU) has been signed on 25^th October 2023 between the Independent Commission Against Corruption (ICAC) and the Office of Integrity and Anti-Corruption (PIAC) of the African Development Bank (AfDB) with the objective to update and upgrade the regional collaboration in combatting corruption, financial crimes, and money laundering. The revised MoU provides for collaboration in relation to investigations, and covers the prevention aspect and the procedures which need to be reinforced.

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The fifth edition of Privacy Symposium Africa (PSA) that took place from 7^th to 9^th November 2023 was organised by Unwanted Witness – a leading human rights organisation dedicated to promoting online privacy and data protection in Uganda – and hosted by the Data Protection Office (DPO) of Mauritius. The forum took a sectoral lense approach on ‘Navigating Privacy in the Age of Digital Transformation’. The PSA gathered privacy experts, policymakers, business leaders and individuals from across Africa who explored the latest developments and challenges in the field of privacy and data protection on the continent.

A delegation of 18 high level South Koreans, including and led by Mr. Chey Taewon, Chairman of Korean Chamber of Commerce and Industry (KCCI) engaged in an insightful discussion on 26^th October 2023 around business development opportunities in Mauritius and through Mauritius into Africa. Highlighting the conducive ecosystem of Mauritius, the South Korea delegation emphasized the need to set up a working group for enhanced collaboration and exchange of information to promote collaboration in the area of trade and investment.

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As from 12 April 2024, Air Mauritius will resume a weekly flight on Fridays to Chennai, the capital city of Tamil Nadu, acclaimed healthcare hub and the gateway to the southern part of India.

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Seychelles is successfully balancing conservation and economic development by tapping innovative financing instruments. Seychelles was the first country to issue a blue bond and is now the second African country, after Rwanda, to access the IMF’s Resilience and Sustainability Facility (RSF). The latter is a funding that aims to support countries with limited budgets to address long-term challenges, such as climate change.

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The Public Enterprises Act repeals the Public Enterprise Monitoring Commission Act 2013. This legislation provides for the continuation of the Public Enterprise Monitoring Commission and strengthens the governance framework for the oversight and monitoring of public enterprises. This new Act will reinforce the framework
for the operation, governance and oversight of state-owned enterprises, thereby promoting transparency and accountability in the functioning of the latter.

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The IMF Executive Board has approved two new programmes to support Seychelles’ economic development through the Extended Fund Facility for an amount of USD 56 million and the Resilience and Sustainability Facility of USD 46 million, both spanning over a three-year period. Post the economic hit inherited from to the pandemic, Seychelles will avail of the two facilities to sustain its macroeconomic stability, boost inclusive growth and build resilience to climate change amongst others.

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A delegation flew from Seychelles to Australia with key objectives:

1. To establish a relationship for a sustainable cooperation within the Australian ministries of Foreign Affairs and Treasury, as well as the ATO and ABF;

2. To explore options for educational scholarships and training opportunities for Seychelles on Tax Administration & Customs Management;

3. To identify areas and modes of technical assistance between the ATO, ABF and the SRC

4. To share experiences and know-how on the development of key strategic areas of revenue administration and customs management, including workforce planning and Human Resources.

This delegation aimed at reinforcing the ties between the two countries and exchange expertise to to boost the tax administration, tax collection efficiency and enhance capacity building of Seychelles, amongst others.

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