The Seychelles Revenue Commission (SRC) and the Department of Blue Economy (DBE) have formalised their cooperation through the signing of a Memorandum of Understanding (MoU), establishing a framework for collaboration in areas of mutual interest, including information exchange, regulatory development and domestic revenue mobilisation.
The MoU was signed at the Department of Blue Economy on the 10th of November 2026 by the Principal Secretary of the Department of Blue Economy, Ms. Veronique Nibourette and the Acting Commissioner General of the Seychelles Revenue Commission, Mr. Fred Morel.
The agreement provides for the exchange of information, and seeks to support the development and implementation of relevant frameworks for the Blue Economy, while strengthening cooperation in areas that contribute to domestic revenue mobilisation.
Other areas of cooperation include joint awareness-raising initiatives, capacity-building activities in areas of specialised expertise and collaboration on matters of mutual interest.
The Principal Secretary for Blue Economy, Ms. Veronique Nibourette remarked that this signing marks an important step in strengthening collaboration between the two institutions and, more importantly, in strengthening the availability of data needed to better understand the development and economic significance of Seychelles’ Blue Economy.
For his part, SRC’s Acting Commissioner General, Mr. Fred Morel stated: “It is important for SRC to establish a good rapport with entities within the public sector to ensure the sustainable development of Seychelles. Today’s MoU with the Department of Blue Economy sets forth the importance of partnership, a key element in advancing policy administration, implementation of effective programs and strategies to strengthen compliance to laws and procedures”.
The MoU further establishes a basis for the exchange of relevant economic information and statistics, subject to the respective mandates and applicable regulatory requirements of both institutions. This cooperation is expected to support the effective discharge of their respective functions and institutional coordination contributing to a more informed understanding of economic activities within the Blue Economy sector.
Through its stakeholder engagement strategy and transformation roadmap, the SRC continues to promote institutional partnerships, dialogue and coordinated approaches with public-sector entities. Such collaboration supports evidence-based decision-making and solidifies institutional effectiveness in the delivery of public services.
The partnership also provides an opportunity for both institutions to identify and pursue areas of collaboration that support the continued development of the Blue Economy and advance domestic revenue mobilisation, in line with the respective mandates of the DBE and SRC.