Seychelles

Investment Evolution Corporation (MERJ: IEC) announced the successful listing of 100% of its 106 million common shares on the Seychelles Stock Exchange, MERJ, under the stock ticker “IEC” at 0.15 euro per share equating to an initial market capitalisation of 15.9 million euro. IEC is a global fintech leader in consumer loans and cryptocurrency international transfers. The company has a specific focus on lending to US citizens in its 10 licensed US states via established US business Mr. Amazing Loans, and to Filipino overseas foreign workers (OFWs) located in Europe via its newly launched platform IE Transfer.

Trop-X, the Seychelles Securities Exchange, has launched its new Derivatives Market with 115 listed derivatives on major currency pairs, international equities, international equity indices and spot commodities all of which are available through the Trop-X live order book. All instruments traded on the Derivatives Market are settled in US Dollars. Tight spreads, deep liquidity and highly competitive fees are in place across the range of products.

Consumer prices in Seychelles rose 0.3% in September from a month before, pushing the year-on-year inflation rate to 7.7% from 7.8% in August, the government statistics office said on Friday.

The National Bureau of Statistics said fish prices increased by 3.6% from a month earlier, when they rose 6.2%. Other food costs were up 0.2% and non-food items jumped 0.1%.

In the non-food category, the main increase in clothing and footwear, which rose 2.5% from August.

Source: Reuters