Latest news with #SeychellesBreweries
Zawya
3 days ago
- Business
- Zawya
Seychelles: New Electoral Commissioner Sworn in
President Wavel Ramkalawan, accompanied by First Lady Linda Ramkalawan, officiated the swearing-in ceremony of Mrs. Marie Bernadette J R Furneau as the new Electoral Commissioner of Seychelles. Mrs. Furneau replaces Mrs. Wendy Didon, who is now the Chairperson of the Electoral Commission appointed March 2025. During the ceremony, Mrs. Furneau solemnly took the oath of allegiance to the Constitution of Seychelles, as well as the Official oath, before receiving her official certificate of appointment from President Ramkalawan. Bringing over four decades of distinguished service spanning both public administration and private sector leadership, Mrs. Furneau's career commenced in 1980 with the Department of Administration. She progressed through various roles to the position of Higher Executive Officer before holding senior appointments within the President's Office from 1986 to 1993. Between 1993 and 2005, she served as Director General of Administration at the Ministry of Tourism and Transport, where she oversaw key infrastructure projects including Independence House and the International Conference Centre of Seychelles. Subsequently, Mrs. Furneau held executive roles at the Seychelles Tourism Board (2005–2007), Cable&Wireless (2007–2011), Seychelles Savings Bank (2011), and most recently as Facilities and Services Manager at Seychelles Breweries Ltd (2013–2018). Mrs. Furneau holds professional qualifications in Financial Administration, Public Accounts and Audit, and Accounting and Management from reputable institutions in Australia and the United Kingdom. Beyond her professional career, she has contributed actively to community service, notably as former treasurer of the Cancer Concern Association and member of the Sacred Heart Parish Economic Committee. Her appointment is expected to further strengthen the Electoral Commission, bringing extensive expertise in strategic planning, budget oversight, and organisational leadership. The ceremony was attended by several high-ranking officials, including the Principal Minister Mr. Jean-Francois Ferrari, Deputy Speaker of the National Assembly Hon. Gervais Henrie, Commissioner of Police Mr. Ted Barbe, Director of the SIS Mr. Benedict Hoareau, Secretary of State for Cabinet Affairs Ms. Margaret Moumou, as well as the Chairperson and Members of the Constitutional Appointments Authority, Members of the Electoral Commission, and other distinguished guests. Distributed by APO Group on behalf of State House Seychelles.
Yahoo
02-04-2025
- Business
- Yahoo
Diageo offloads Seychelles Breweries stake
Diageo has sold its majority stake in Seychelles Breweries to Mauritius-based Phoenix Beverages. The Guinness owner held a 54.4% stake in the publicly-listed Seychelles Breweries, which markets a range of drinks products, including SeyBrew beer. Diageo's sale of its stake in Seychelles Breweries is the latest in a series of disposals in Africa. Financial terms were not disclosed. Seychelles Breweries will continue to be listed on the Seychelles Stock Exchange after the deal is closed. Under the terms of the deal with Phoenix Beverages, Diageo will distribute IPS in-market, which will be licensed to Seychelles Breweries under a new 'long-term' agreement. In a brief statement, Dayalan Nayager, the president Diageo's business in Africa and chief commercial officer, said: 'I am excited to extend our successful partnership with Phoenix Beverages, a long-term partner in the Indian Ocean region, to further unlock value for Seychelles Breweries and deliver long-term sustainable growth.' In the year to 30 June, Seychelles Breweries generated net sales of SRs568.2m ($39m), versus SRs578.3m 12 months earlier. The company's operating profit fell 23% to SRs137.8m. Profit for the year stood at SRs91m, against SRs122.2m the year previous. Phoenix Beverages, which produces Guinness and Smirnoff Ice for Diageo in Mauritius, is a subsidiary of local conglomerate IBL Group. Arnaud Lagesse, the chairman of Phoenix Beverages, said the acquisition of Diageo's stake in Seychelles Breweries, 'allows us to fast-track our ambitions in a way that organic growth alone could not match'. He added: 'Strengthening our presence in the Seychelles gives us the momentum to create lasting value and deepen our leadership across the Indian Ocean beverage landscape.' In January, Diageo announced a deal to sell its stake in the publicly listed Guinness Ghana Breweries to French drinks group Castel for $81m. In 2022, Diageo sold its its Guinness brewing operation in Cameroon to Castel. A year ago, the Tanqueray gin owner offloaded its shareholding in publicly-listed Guinness Nigeria to Singapore-based consumer group Tolaram. "Diageo offloads Seychelles Breweries stake" was originally created and published by Just Drinks, a GlobalData owned brand. The information on this site has been included in good faith for general informational purposes only. It is not intended to amount to advice on which you should rely, and we give no representation, warranty or guarantee, whether express or implied as to its accuracy or completeness. You must obtain professional or specialist advice before taking, or refraining from, any action on the basis of the content on our site. Sign in to access your portfolio
