Chairman
Mr. Colin Jean-Louis
Chief Executive Officer
Mr. Patrick Vel
Board Members
Mr. Steve Fanny
Ms. Melanie Stravens
Mrs. Audrey Nanon
Ms. Maryline Reginald
Board of Directors
ABOUT US
Our Vision
To be a reliable and successful Trading Company, supported by a committed and professional workforce, that exceeds the expectations of its stakeholders.
Our Mission
To be the consumers’ best choice when looking for value they can trust. We shall do this by providing quality goods and services within the reach of every household in Seychelles.
Our Core Values
Our core values reflect our commitment to our mission.
- We are committed to consistently deliver quality products and services at affordable prices.
- We believe that our staff are our most valuable asset. We will invest in their training and development, and support them with adequate resources.
- We believe in being a socially responsible corporate citizen.
Background and Role
Seychelles is a small island state whose economy is driven primarily by two industries; tourism and fisheries. The population is small, around 87,000 people, and manufacturing is one area where the country lacks self sufficiency. As a consequence, to meet the consumption demand of a growing population, the country has to import most of its consumer goods including basic ones like rice, sugar and salt. The Seychelles Trading Company plays a major role in this area.
STC was created in March 2008, in the early part of the economic transition within the country, in line with new directions the Government chose for its progress. It is governed by a Board of Directors, and is commercially autonomous in its operations, not dependent on the government budget. It is, however subject to government oversight, being a public commercial enterprise.
In late 2008, Seychelles embarked on a major macro-economic national reform process, supported by the IMF. The commercial environment underwent significant changes, with more private importers entering into the trading business, fuelling competition within the sector. Both the supply and demand sides of the Seychelles economy underwent major transformation.
In line with the economic changes, STC had to adapt itself by focusing on core activities, streamlining its workforce, and improving its existing services and product portfolios to better match new stakeholder expectations.
STC is now a trading company, with its core business being the imports, storage and distribution of essential and basic foods. In addition, STC engages in trading of certain branded FMCG products from reputable international sources, and operates a retail presence in the domestic market and the duty free sector. While most manufacturing activities have been privatized, a small presence in value addition activities remains. This overall operational structure is supported by centralized services such as IT, HR and Finance.