Seychelles. In April, the African Development Bank (AfDB)
announced that Seychelles had been granted a US $ 26 million
loan. According to
COUNTRYAAH, the money would help the country build a water supply
system on the island of Mahé, which is the largest in the
archipelago and where about 90% of the population lives. The
same month, Seychelles formally joined the World Trade
In June, the Seychelles and 26 other African states
agreed on a new free trade agreement, the Tripartite Free
Trade Area (TFTA). The agreement, which was signed in Egypt,
covers countries from Egypt in the north to South Africa in
the south. For the agreement to enter into force, it must,
among other things, be ratified by the national parliaments.
Elections to the presidential post were held in December.
In the first round, incumbent President James Michel,
representing Party Lepep, received 48% of the vote while
challenger Wavel Ramkalawan of the Seychelles National Party
(SNP) received 34%. A second round of elections was held
later in the month. This turned out to be very smooth but in
the end Michel could be declared a winner after receiving
50.2 percent of the vote against 49.8 percent for
Ramkalawan. The turnout was just over 90 percent.