State House

Office of the President of The Republic of Seychelles

News

Head Of State Keeps Calling For Favourable Credit Facilities

Two weeks after launching the first meeting of the National Economic Council President James Michel has again said that credit facilities constitutes an important issue for future development.

He said yesterday after going over projects for Ile Perseverance, that too often, small entrepreneurs remain small because they don't have the means, such as credit from commercial banks, to allow them to grow bigger.

On the other hand, the big entrepreneurs continue getting bigger because they have the means to bid and win new contracts.

"The void must be filled," the President told the media.

"Everyone must be allowed to continue baking the cake so that it can be bigger, with everyone getting a fair share," he said.