The Seychelles economic growth is projected to be 3.3% in 2019 and 2020, with the service sector remaining the primary driver of growth. The medium-term outlook remains positive, thanks to projected vibrant tourism and growing fishery sectors. On the demand side, growth will continue to be driven by robust investment, estimated at 34.6% of GDP in 2019 and 36.1% in 2020.
- David Pinnock advised the Keller Group (a major British based ground engineering company listed on the London Stock Exchange) in its R500 million acquisition of the geotechnical contracting business owned and operated by Esorfranki Construction in South Africa, Botswana, DRC, Ghana, Lesotho, Mauritius, Mozambique, Namibia, Seychelles and Swaziland. Following the closing of the sale transaction, CDH advised on and implemented a BEE share scheme for the new operating company, Franki Geotechnical.