AGP Executive Report
Last update: 8 hours agoJob Loss Shock for Seychelles-linked meat trade: Farmer’s Meat Mariental Abattoir (FMM), owned by OL Group, will close permanently at end-September, threatening over 100 jobs and disrupting a sheep supply chain feeding EU-accredited producers and export markets including the Seychelles. Regional Integration Push at SADC: SADC leaders endorsed a plan centred on industrialisation, infrastructure, agricultural transformation and critical minerals, with South Africa taking the chair and Zambia set to host the next summit in Lusaka. Seychelles Defence Support from India: India handed Seychelles repaired Dornier electronic units, calibrated aircraft tools and safety gear to boost EEZ surveillance and SAR readiness. Broker Licensing Spotlight: Elev8 highlights how Seychelles and Mauritius licensing can protect clients via segregated accounts and regulatory oversight. Crypto Security Alert (Seychelles HQ): Safepal disclosed a data breach affecting 39,798 customers, exposing names and shipping addresses and raising phishing risks. Banking Earnings Watch: Absa reported 8% headline earnings growth in H1, with Africa regions (including Seychelles) contributing 28% of headline earnings. Connectivity Upgrade: Airtel Africa and Starlink launched direct-to-phone satellite service in the DRC, aiming to extend coverage without dish hardware.
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