logo
Seychelles Trading Corporation Unveils State-of-the-Art Cold Storage Facility to Strengthen National Food Security

Seychelles Trading Corporation Unveils State-of-the-Art Cold Storage Facility to Strengthen National Food Security

Zawya13-06-2025

The Seychelles Trading Corporation (STC) marked a major milestone in the nation's drive for food security on Friday morning with the official inauguration of its state-of-the-art cold storage facility at Bois de Rose. The ceremony was led by President Wavel Ramkalawan, joined by First Lady Mrs. Linda Ramkalawan and Vice President Ahmed Afif, and heralded a significant upgrade in the country's food preservation and supply capabilities.
Entirely financed by STC at a cost of SCR 110 million, the new facility is the corporation's most substantial infrastructure investment to date. Purpose-built to store fruits, vegetables, and meat products, it is designed to maintain robust food reserves while ensuring adherence to high standards of quality and safety for the Seychellois population.
The inauguration featured a symbolic unveiling of a commemorative plaque and a ribbon-cutting ceremony carried out by President Ramkalawan, Vice President Afif, STC Chief Executive Officer Mr. Ashik Hassan, and STC Board Chairman Mr. Imtiaz Umarji. The occasion underscored the government's steadfast commitment to upgrading critical infrastructure in support of national food security.
"It is with great honour that we have managed to build this facility, demonstrating that STC has invested in something truly beneficial for our nation," said President Ramkalawan in his keynote address. He highlighted the government's broader vision of enhancing food systems resilience, noting that such infrastructure plays a vital role in achieving the country's sustainable development goals.
STC CEO Mr. Ashik Hassan echoed the President's sentiments, extending thanks to all stakeholders involved in the project. 'This modern facility represents a significant milestone in modernizing our services through high-end technology that is both energy-efficient and environmentally sustainable,' he stated. Mr. Hassan also stressed the facility's strategic importance in reinforcing STC's operational effectiveness and its mission to support national food security. Outfitted with advanced refrigeration systems that meet international standards, the facility is poised to elevate Seychelles' standing in regional food storage and distribution capabilities.
STC Board Chairman Mr. Imtiaz Umarji emphasized that the facility's value extends well beyond its physical structure. 'This facility is not just a building—it is critical infrastructure essential to ensuring food security by delivering fresh, quality products to every household at affordable prices,' he explained. 'For our citizens, this represents reduced prices and decreased wastage, reflecting our collective effort to achieve greater self-sufficiency amid global market volatility.'
The ceremony concluded with a guided tour of the facility, offering dignitaries and invited guests an opportunity to witness firsthand the sophisticated technology and logistics operations that will serve the nation for years to come.
The event also featured vibrant cultural performances, including patriotic recitals and musical tributes, in celebration of this landmark national achievement.
This development aligns closely with the government's broader strategic priorities: to fortify national food security, promote economic resilience, and advance sustainable development across all sectors. The cold storage facility is expected to significantly enhance Seychelles' ability to manage food reserves efficiently, stabilize prices, and minimize food waste.
Distributed by APO Group on behalf of State House Seychelles.

Orange background

Try Our AI Features

Explore what Daily8 AI can do for you:

Comments

No comments yet...

Related Articles

Cassa Depositi e Prestiti and SACE provide EUR250 Million to Africa Finance Corporation
Cassa Depositi e Prestiti and SACE provide EUR250 Million to Africa Finance Corporation

Zawya

time6 hours ago

  • Zawya

Cassa Depositi e Prestiti and SACE provide EUR250 Million to Africa Finance Corporation

Africa Finance Corporation (AFC) ( the continent's leading infrastructure solutions provider, has secured a landmark EUR 250 million 10-year term loan facility from Cassa Depositi e Prestiti (CDP) the Italian Financial Institution for Development Cooperation. The transaction is backed by a guarantee from SACE, the Italian insurance and financial group fully owned by the Italian Ministry of Economy and Finance, covering up to 80% of the facility amount. The financing builds on engagement at the Mattei Plan-Global Gateway summit, attended by Italian Prime Minister Giorgia Meloni, European Commission President Ursula Von der Leyen, CDP, SACE and AFC, where the parties confirmed their intent to collaborate. The facility is structured to cultivate Italian supply chain opportunities in infrastructure and renewable energy generation, including the supply of components for the Lobito Railway Corridor - a commercial railway line that will run through Angola and extend to the borders of Zambia and the Democratic Republic of Congo. This long-term facility deepens AFC's strategic partnership with both CDP and SACE, while reinforcing its mandate to mobilise high-quality, long-tenor capital in support of delivering sustainable infrastructure across Africa. "Cassa Depositi e Prestiti confirms its role as a strategic partner in supporting infrastructure projects with a high social and economic impact in Africa. With this financing - said Dario Scannapieco, Chief Executive Officer of CDP - we are strengthening business and technological relations between Italy and Africa, enhancing talent and innovation. We are convinced that investing in strategic projects not only creates new opportunities for our companies but also helps to build lasting and shared ties capable of fostering growth and well-being for local communities." 'We are proud to contribute to the involvement of Italian companies in the transport and logistics sector to realise a significant strategic project like the Lobito Railway Corridor within the Mattei Plan,' said Alessandra Ricci, CEO of SACE. 'This collaboration reaffirms SACE's commitment to promoting new connections for Italian companies seeking to diversify their exports and embrace new growth opportunities.' ' Our partnership with CDP, further strengthened by SACE's guarantee, exemplifies the power of blended finance in unlocking capital for infrastructure development in Africa,' said Banji Fehintola, Executive Board Member and Head, Financial Services, AFC. ' The Lobito Corridor is a transformational project that will open new trade routes for resources, support regional industrialisation, accelerate job creation and strengthen Africa's position in global value chains, while delivering long-term, inclusive growth. ' Distributed by APO Group on behalf of Africa Finance Corporation (AFC). SACE Media gallery: Media Enquiries: Communications Africa Finance Corporation Email: communications@ SACE Press Office ufficiostampa@ CDP Media Relations Tel: +39 06 42213990 Website: Follow CDP on: LinkedIn: X: Facebook: Instagram: YouTube: About Lobito Corridor Rail Project: The railway line will be approximately 830 km long and will connect Chingola in Zambia to Luacano in Angola with the aim of facilitating the transportation of agricultural products, minerals and consumer goods. The greatest opportunities for the Italian supply chain in the region lie in sectors such as energy, renewables, transportation and logistics. About CDP: Cassa Depositi e Prestiti is the National Promotional Institute which has been supporting the Italian economy since 1850. The main goal of CDP is to accelerate the industrial and infrastructural development of Italy to boost its economic and social growth. CDP focuses its activities on sustainable development at local level, supporting the innovation and growth of Italian enterprises, also in the international arena. It partners local authorities, in a financing and advisory capacity, to create infrastructures and improve services of public value. CDP also participates actively in international cooperation initiatives to realize projects in developing countries and emerging markets. Cassa Depositi e Prestiti is entirely financed by private capital, through the issuing of Postal Savings Bonds and Postal Savings Passbooks, and through issues on national and international financial markets. About SACE: SACE is the insurance and financial group controlled by the Ministry of Economy and Finance, specialising in supporting the growth of Italian companies through a wide range of solutions to facilitate export and innovation, including financial guarantees, factoring, risk management and protection, advisory services and business matching. With a network of 11 offices in Italy and 13 worldwide in target countries for Made in Italy products, SACE serves over 60,000 companies, supporting their growth in Italy and globally, with a portfolio of insured operations and guaranteed investments totalling EU 267 billion across approximately 200 foreign markets. About AFC: AFC was established in 2007 to be the catalyst for pragmatic infrastructure and industrial investments across Africa. AFC's approach combines specialist industry expertise with a focus on financial and technical advisory, project structuring, project development, and risk capital to address Africa's infrastructure development needs and drive sustainable economic growth. Eighteen years on, AFC has developed a track record as the partner of choice in Africa for investing and delivering on instrumental, high-quality infrastructure assets that provide essential services in core infrastructure sectors. AFC has 45 member countries and has invested over US$15 billion since its inception.

Amazon to invest $233mn this year in India to expand operations
Amazon to invest $233mn this year in India to expand operations

Arabian Business

time13 hours ago

  • Arabian Business

Amazon to invest $233mn this year in India to expand operations

Amazon will invest nearly US$233 million in India this year to expand its operations, enhancing its infrastructure, technology and delivery capabilities. A portion of the investment will also be allocated towards employee well-being and benefits. The investment aims to support network expansion and upgrades for faster and more reliable deliveries through new tools and technology. For employees, Amazon is starting several initiatives, including creating air-conditioned rest areas for delivery workers, providing financial education, offering scholarships for associates' children, and ensuring healthcare assistance for truck drivers. This new investment builds on Amazon's existing investments in creating an operations network that helps the company deliver to all serviceable postal codes across India. Abhinav Singh, VP-Operations, Amazon India and Australia, commented: 'For over a decade now in India, we have been focused on building the best-in-class logistics infrastructure – designed to deliver with safety, speed, scale, and reliability for our customers across the country. These latest investments reflect our commitment to continually expand and upgrade our operations across our fulfilment, sortation, and delivery network. 'By strengthening our infrastructure capabilities, enhancing processing capacity, and implementing state-of-the-art technology, we're positioning Amazon to better serve customers throughout India while supporting our employees, associates and partners who are the heart of it all.' Amazon India will continue to enhance on-road safety by using the latest technologies to alert delivery associates and partners about unsafe speeds and encourage rest breaks. The company is investing in tools that measure route complexity and ensure equitable distribution of delivery routes, while allowing adequate time for each delivery. Amazon is also streamlining driver onboarding processes and enhancing the Driver app for better earnings transparency and benefit information. Delivery workflows are being simplified by making the app more self-guided, improving navigation for unstructured addresses, and reducing cognitive load with photo and video-based item verification. A new 'Helmet Adherence Application' has been introduced, which will protect delivery associates and partners by verifying proper helmet use before trips begin.

National Maritime Navigation Centre to strengthen UAE's leadership in maritime sector
National Maritime Navigation Centre to strengthen UAE's leadership in maritime sector

Zawya

time14 hours ago

  • Zawya

National Maritime Navigation Centre to strengthen UAE's leadership in maritime sector

Suhail bin Mohammed Al Mazrouei, Minister of Energy and Infrastructure, highlighted that the Cabinet's decision to establish the National Maritime Navigation Centre reflects the UAE's strategic vision for developing an integrated sustainable and innovative maritime ecosystem and reinforcing the country's position as a leading global maritime hub. He explained that the National Maritime Navigation Centre, affiliated with the Ministry of Energy and Infrastructure, represents a significant addition to the ongoing development of the UAE's maritime infrastructure. The new centre will manage and operate the Integrated National Maritime System for monitoring maritime traffic and oversee the National Maritime Single Window, which aims to unify procedures and enhance the efficiency of maritime operations. He affirmed that the centre serves as an advanced platform for cooperation among the various entities involved in the maritime sector, thereby strengthening efforts to monitor and protect the sector and elevate its role as a strategic contributor to the national economy. In this context, he expressed sincere gratitude and appreciation to all stakeholders in the UAE maritime sector for their support, collaboration, and dedicated efforts that contributed to the establishment of the centre. He emphasised that this achievement reflects the spirit of integration and collective action that defines the government work system in the UAE. The Minister said, 'The National Maritime Navigation Centre represents a significant step that will enhance the safety and security of the maritime sector, prevent harmful practices through leveraging high-tech solutions, and propel scientific research and studies that can shape policies and inform decision-making. Furthermore, the centre will significantly drive coordination among concerned entities and unify national policies and legislation, ensuring compliance with the highest global maritime safety and security standards, improving operational efficiency, and reducing regulatory complexities. It will also empower national talents through specialised training and research programmes in maritime fields.' He added, 'This decision reflects our wise leadership's belief that excellence in vital sectors can only be achieved through a systematic institutional approach—one that anticipates the future and transforms challenges into opportunities for growth and innovation. The centre will serve as a national enabler for enhancing the quality of maritime services and achieving integration between maritime development and environmental sustainability.' For his part, Eng. Hassan Al Mansouri, Undersecretary for Infrastructure and Transport Affairs at the Ministry of Energy and Infrastructure, said, 'The centre will contribute to the development of maritime policies in line with international best practices and the implementation of smart monitoring systems and advanced planning tools—enhancing the UAE's ability to lead the future of maritime navigation. The UAE enjoys world-class maritime infrastructure and a strategic geographic location at the heart of global trade routes. Through this centre, we will strengthen the country's role in supporting supply chains, facilitating international trade, and empowering a new generation of qualified national talents to lead the maritime sector toward a more sustainable future.'

DOWNLOAD THE APP

Get Started Now: Download the App

Ready to dive into a world of global content with local flavor? Download Daily8 app today from your preferred app store and start exploring.
app-storeplay-store