President Danny Faure chaired a scheduled meeting of the Cabinet on Wednesday morning, 28th February, at which a number of legal and policy memoranda were considered.

Cabinet approved for the setting up of a centralised Intellectual Property Office. The aim of the centralised office is to facilitate the process of drafting policies and legislations relating to intellectual property and the registration and administration of intellectual property rights.

Cabinet also approved for Seychelles to make a submission to the International Court of Justice in support of Mauritius on the legal consequences of the separation of the Chagos Archipelago from Mauritius in 1965.

Cabinet approved for the two government owned commercial banks namely Seychelles Commercial Bank and the Nouvobanq to dedicate a percentage of their loan portfolio to the financing of small and medium enterprise loans.

Cabinet also considered a number of proposals aimed at improving the investment environment in Seychelles.

For more information on the above Cabinet Decisions subscribe to the Cabinet Office YouTube Channel and State House Facebook Page via below links: FULL Video of Press Briefing held this morning available now.

Cabinet Press Briefing YouTube Channel: https://youtu.be/EnCv2W6-Qx8

Cabinet Press Briefing 6: https://youtu.be/al2d29ChXSk

State House Facebook Page: https://www.facebook.com/StateHouseSey/