Fisher's Digital Marketplace Applications

Fisher's Digital Marketplace Applications

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Fisher's Digital Marketplace Applications
Fisher's Digital Marketplace Applications
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SectorMost major industry classification systems use sources of revenue as their basis for classifying companies into specific sectors, subsectors and industries. In order to group like companies based on their sustainability-related risks and opportunities, SASB created the Sustainable Industry Classification System® (SICS®) and the classification of sectors, subsectors and industries in the SDG Investor Platform is based on SICS.
Technology and Communications
Technology
Business Model Description

Develop digital marketplace applications connecting artisanal and semi-industrial fishers with businesses in tourism and fish processing value streams. This would be specifically large hotels in the Inner Islands, to improve demand forecasting, hence informed supply decisions and traceability in terms of source and sustainability of the catch, in addition to increasing fresh produce sales through direct transactions. Application may include additional tracking services such as preventing fishers from getting into a marine protected area (MPA).

Expected Impact

Improve efficiency in the fisheries sector, specifically small-scale artisanal and semi-industrial fishers, and increase product diversification and traceability to unlock access to finance and markets.

How is this information gathered?
Updated: 6 Jul, 2023 Date of Production: 1 Feb, 2023
Seychelles
Indicative ReturnDescribes the rate of growth an investment is expected to generate within the IOA. The indicative return is identified for the IOA by establishing its Internal Rate of Return (IRR), Return of Investment (ROI) or Gross Profit Margin (GPM).
> 25% (in ROI)
Investment TimeframeDescribes the time period in which the IOA will pay-back the invested resources. The estimate is based on asset expected lifetime as the IOA will start generating accumulated positive cash-flows.
Short Term (0–5 years)
Market SizeDescribes the value of potential addressable market of the IOA. The market size is identified for the IOA by establishing the value in USD, identifying the Compound Annual Growth Rate (CAGR) or providing a numeric unit critical to the IOA.
USD 100 million - USD 1 billion
Average Ticket Size (USD)Describes the USD amount for a typical investment required in the IOA.
< USD 500,000
Direct ImpactDescribes the primary SDG(s) the IOA addresses.
Decent Work and Economic Growth (SDG 8) Responsible Consumption and Production (SDG 12) Life Below Water (SDG 14)
Indirect ImpactDescribes the secondary SDG(s) the IOA addresses.
No Poverty (SDG 1) Quality Education (SDG 4) Partnerships For the Goals (SDG 17)

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Sector Sources
  • 1) Government of the Republic of Seychelles & The United Nations. 2018. Strategic Partnership Framework (SPF) 2019-2023. https://minio.dev.devqube.io/uninfo-production-main/31577005-0d19-4fd6-bd85-5f76a035a082_SPF_Seychelles.pdf 2) World Bank Group. 2019. Seychelles Digital Economy Assessment. Washington, DC: World Bank. 3) World Bank. 2017. The Republic of Seychelles Systematic Country Diagnostic. Washington, DC: World Bank. https://openknowledge.worldbank.org/handle/10986/27559 4) Ministry of Finance, Trade, Investment and Economic Planning. 2019. Seychelles Vision 2033. http://www.finance.gov.sc/uploads/files/Vision_2033.pdf 5) Ministry of Finance, Trade, Investment and Economic Planning. 2019. Seychelles National Development Strategy 2019-2023. http://www.finance.gov.sc/uploads/files/Seychelles_National_Development_Strategy_2019_2023_new.pdf 6) UNDP Project Team stakeholder consultation undertaken with a government department in June 2022. 7) United Nations Development Programme (UNDP). 2022. Women in Technology in Seychelles. https://www.undp.org/sites/g/files/zskgke326/files/migration/mu/Gendered-Voices-Women-in-technology-in-Seychelles.pdf 8) UN Women. 2020. Women's Economic Empowerment in the Indian Ocean Rim: Progress and Challenges. https://www.unwomen.org/sites/default/files/Headquarters/Attachments/Sections/Library/Publications/2020/Womens-economic-empowerment-in-the-Indian-Ocean-Rim-Progress-and-challenges-en.pdf 9) Ministry of Finance, National Planning and Trade. 2020. Budget 2021 Speech delivered by Naadir Hassan, Minister for Finance, Economic Planning and Trade. http://www.finance.gov.sc/uploads/national_budget/BUDGET%202021%20Speech.pdf 10) Cable.co.uk. 2022. Global broadband pricing league table 2022. https://www.cable.co.uk/broadband/pricing/worldwide-comparison/ 11) UNDP Project Team stakeholder consultation undertaken with an ICT company in Seychelles, in June 2022. 12) Joubert-Lawen, Rita. 2021. Seychelles to launch year-long trial as country moves closer to a digital economy. Seychelles News Agency. http://www.seychellesnewsagency.com/articles/15370/Seychelles+to+launch+year-long+trial+as+country+moves+closer+to+a+digital+economy 13) United Nations Department of Economic and Social Affairs. 2020. United Nations E-government Survey 2020. New York: United Nations. https://desapublications.un.org/file/781/download 14) The World Bank Group. 2022. Individuals using the Internet (% of population) - Seychelles. https://data.worldbank.org/indicator/IT.NET.USER.ZS?locations=SC-1W-ZG
IOA Sources
  • 15) The United Nations Conference on Trade and Development (UNCTAD). 2020. Investment Policy Review of Seychelles. United Nations, Geneva. https://unctad.org/system/files/official-document/diaepcb2020d1_en_0.pdf 16) Cuvellier, Max. 2022. Africa: The Big Deal. https://thebigdeal.substack.com/ 17) Technical Centre for Agricultural and Rural Cooperation (CTA) - Vincent Fautrel. 2020. Project Completion Report. https://cgspace.cgiar.org/bitstream/handle/10568/110508/im1-ioc-fisheries-completion-report.pdf 18) Aruna. 2022. https://aruna.id/about-aruna/ 19) Seychelles Conservation Climate Adaptation Trust. 2019. Pilot and integration of tracking, logbook and market traceability tools for co-management of the small-scale fisheries sector in Seychelles. https://seyccat.org/wp-content/uploads/2020/03/Keith-Andre-Pilot-and-integration-of-tracking-logbook-and-market-traceability-tools-for-co-management-of-the-small-scale-sheries-sector.docx 20) The United Nations Conference on Trade and Development (UNCTAD). 2022. Economic Development in Africa Report 2022. United Nations, Geneva. https://unctad.org/system/files/official-document/aldcafrica2022_en.pdf 21) The Ministry of Employment, Immigration and Civil Status (MEICS). 2018. Seychelles Decent Work Country Programme 2019-2023. https://www.ilo.org/wcmsp5/groups/public/---ed_mas/---program/documents/genericdocument/wcms_674580.pdf 22) UNDP Project Team stakeholder consultation undertaken with a Seychellois private sector agency in May, 2022. 23) Republic of Seychelles Ministry of Finance, Trade, Investment & Economic Planning, Economic Planning Department. 2020. Voluntary National Review 2020. https://sustainabledevelopment.un.org/content/documents/26382VNR_2020_Seychelles_Report.pdf 24) United Nations Environment Programme. 2021. Food Waste Index Report 2021. Nairobi. 25) Republic of Seychelles. 2018. Seychelles Blue Economy: Strategic Policy Framework and Roadmap Charting the future (2018-2030). https://investinseychelles.com/component/edocman/blue-economy-road-map/download?Itemid=0 26) The Government of Seychelles. 2019. Seychelles Fisheries Sector Policy and Strategy. http://www.mofbe.gov.sc/wp-content/uploads/Seychelles-Fisheries-Sector-Policy-.pdf 27) Republic of Seychelles Ministry of National Development. https://investinseychelles.com/component/edocman/ict-policy/download?Itemid=0 28) Development Bank of Seychelles (DBS). 2022. Product Loans. https://www.dbs.sc/product-loans 29) Republic of Seychelles. 2000. Broadcasting and Telecommunication Act. https://www.ict.gov.sc/documents/BTA2000.pdf 30) Republic of Seychelles. 2010. Seychelles Investment Act. http://www.mofbe.gov.sc/wp-content/uploads/2021/09/Seychelles-Investment-Act-2010.pdf 31) The Ministry of Finance, Trade, Investment and Economic Planning. 2020. Policy Paper on Economic Activities Reserved for Seychellois. https://www.investinseychelles.com/component/edocman/reserved-economic-activities-policy-reap-_april-2020/download?Itemid=0 32) The Ministry of Finance, Trade, Investment and Economic Planning. 2020. Policy Paper on Economic Activities Reserved for Seychellois. https://www.investinseychelles.com/component/edocman/reserved-economic-activities-policy-reap-_april-2020/download?Itemid=0 33) Ministry of Investment, Entrepreneurship, and Industry. 2022. Seychelles Investment (Economic Activities) Regulations, 2022. https://www.gazette.sc/sites/default/files/2022-07/SI%2076%202022%20-%20Seychelles%20Investment%20%28Economic%20Activities%29%20Regulations%202022.pdf 34) Bonnelame, Betymie. 2021. Central Bank of Seychelles pleased to see banks' lower interest rates on loans. http://www.seychellesnewsagency.com/articles/15792/Central+Bank+of+Seychelles+pleased+to+see+banks%27+lower+interest+rates+on+loans