Seychelles President Wavel Ramkalawan and senior executives of the Absa Group met on Thursday to bolster economic growth and development in Seychelles.
Ramkalawan reiterated the role of Absa Bank Seychelles as a banking institution crucial in the country’s digitisation drive.
He lauded the synergy between the Central Bank of Seychelles, the finance ministry and Absa bank.
“This is very important. The partnership between the government and Absa Bank is good and the services that you offer are very easy. I wish to also commend Absa for recruiting young Seychellois that are slowly developing themselves in this sector,” said Ramkalawan.
Chief executive of Absa Africa Regional Operations, Saviour Chibiya said developing the human capital is critical to the growth of the Seychellois economy.
Chibiya said Absa does that by “partnering with the countries that we operate in terms of how we invest in the skills of not just bankers but even young people across the economy to develop that human capital so that we have the skills and expertise, and have innovation driving, productivity-increasing to drive the economic growth.”
Chibiya explained that as a leading bank in Seychelles and a leading Pan-African bank “we are looking at ways in which we can work together to support our customers.”
He said, by digitalising banking and the economy, there is more productivity and accessibility to banking as well as more affordable banking services to citizens.
Affordable funding for businesses and individuals and the continuous improvement of existing products were also touched upon during the meeting with the President.
Talking about Absa’s plans to improve its services in Seychelles, the managing director for Absa Bank Seychelles, Nazim Mahmood, shared that the institution is looking narrowly at self-serve channels that will provide clients with faster services.