The political situation in Seychelles has been relatively stable, especially since the return to a multi-party system in 1993. The country saw a significant political shift in October 2020 when an opposition candidate won the presidency for the first time since independence from the UK in 1976. This transition was part of a broader trend towards increased political pluralism, beginning with the opposition’s victory in the parliamentary elections of September 2016.
Despite these political advancements, challenges remain. Corruption is a persistent issue, with both public and private sectors facing scrutiny. While anti-corruption laws exist, their enforcement has been inconsistent. Additionally, income inequality remains a notable problem, with wealth largely concentrated among a small segment of the population.
Overall, Seychelles continues to offer a stable environment for business and investment, bolstered by a well-developed tourism sector and efforts to strengthen its financial services industry.
