Seychelles – Modernization of the Audit Process and Tax Administration System (AFDB-P-SC-KF0-003)

Regions
  • Africa
Geographic location where the impacts of the investment may be experienced.
Countries
  • Seychelles
Geographic location where the impacts of the investment may be experienced.
Financial Institutions
  • African Development Bank (AFDB)
International, regional and national development finance institutions. Many of these banks have a public interest mission, such as poverty reduction.
Project Status
Approved
Stage of the project cycle. Stages vary by development bank and can include: pending, approval, implementation, and closed or completed.
Bank Risk Rating
C
Environmental and social categorization assessed by the development bank as a measure of the planned project’s environmental and social impacts. A higher risk rating may require more due diligence to limit or avoid harm to people and the environment. For example, "A" or "B" are risk categories where "A" represents the highest amount of risk. Results will include projects that specifically recorded a rating, all other projects are marked ‘U’ for "Undisclosed."
Voting Date
Feb 4, 2026
Date when project documentation and funding is reviewed by the Board for consideration and approval. Some development banks will state a "board date" or "decision date." When funding approval is obtained, the legal documents are accepted and signed, the implementation phase begins.
Borrower
Government of Seychelles - Ministry of Finance
A public entity (government or state-owned) provided with funds or financial support to manage and/or implement a project.
Sectors
  • Finance
  • Law and Government
The service or industry focus of the investment. A project can have several sectors.
Investment Type(s)
Grant
The categories of the bank investment: loan, grant, guarantee, technical assistance, advisory services, equity and fund.
Investment Amount (USD)
$ 0.41 million
Value listed on project documents at time of disclosure. If necessary, this amount is converted to USD ($) on the date of disclosure. Please review updated project documents for more information.
Project Cost (USD)
$ 0.48 million
Value listed on project documents at time of disclosure. If necessary, this amount is converted to USD ($) on the date of disclosure. Please review updated project documents for more information.
Bank Documents
Primary Source

Original disclosure @ AFDB website

Updated in EWS Jul 30, 2026


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Project Description
If provided by the financial institution, the Early Warning System Team writes a short summary describing the purported development objective of the project and project components. Review the complete project documentation for a detailed description.

According to the Bank’s website, the Modernizing Audit Process and Tax Administration System (MAP-TAS) project aims to strengthen domestic revenue mobilization and public accountability in Seychelles by modernizing tax administration and automating public sector audit processes. The total project cost amounts to UA 352,941, of which UA 300,000 is financed by the African Development Bank through a Middle-Income Country Technical Assistance Fund (MIC-TAF) grant, while UA 52,941 (15%) is provided as counterpart funding by the Government of Seychelles. The project is implemented by the Ministry of Finance, Economic Planning, Trade and Investment and directly supports the Seychelles Revenue Commission and the Office of the Auditor General. There are no external co-financiers.

The development objective of the project is to enhance domestic revenue mobilization and public accountability in Seychelles by modernizing tax administration and automating audit processes for greater efficiency and transparency. More specifically, the project seeks to review and re-engineer the operating model of the Seychelles Revenue Commission to ensure a modern, risk-based, and taxpayer-centric revenue administration aligned with digital transformation efforts. It also aims to automate public sector audit processes within the Office of the Auditor General through the deployment of a data analytics platform, strengthening the institution’s capacity to audit digital financial systems, including the Integrated Financial Management Information System (IFMIS). Through these reforms, the project will improve tax collection efficiency and compliance, increase the number and quality of audits conducted, and enhance transparency and efficiency in the management of public resources.

The direct beneficiaries of the project are the Seychelles Revenue Commission, the Office of the Auditor General, the Ministry of Finance, Economic Planning, Trade and Investment, and the Assets Management Unit. The project will provide technical assistance, system development, and staff training, including capacity building in data analytics for at least 30 staff members of the Office of the Auditor General, with a minimum of 50 percent women. Indirectly, the project will benefit all citizens of Seychelles through strengthened public financial management, improved service delivery, and enhanced fiscal sustainability. Taxpayers and businesses will benefit from more efficient and digitalized tax administration, while the broader public sector will benefit from stronger audit oversight, improved compliance, and more transparent and accountable use of public resources. Over the long term, these improvements will contribute to greater economic resilience and sustainable development.

Early Warning System Project Analysis
For a project with severe or irreversible impacts to local community and natural resources, the Early Warning System Team may conduct a thorough analysis regarding its potential impacts to human and environmental rights.

Environmental Category: [3] Low Risk

In accordance with the AfDB Integrated Safeguards System (ISS) requirements, the project’s Environmental and Social risk classification is given as Category 3 - low risk. The project components and interventions which include provision of technical assistance and capacity building activities are not anticipated to have any physical activities that would generate significant Environmental & Social risks and impacts.

Investment Description
Here you can find a list of individual development financial institutions that finance the project.

The total project cost amounts to UA 352,941, of which UA 300,000 is financed by the African Development Bank through a Middle-Income Country Technical Assistance Fund (MIC-TAF) grant, while UA 52,941 (15%) is provided as counterpart funding by the Government of Seychelles.

Financial Instrument: Technical Assistance (Middle Income Fund - MIC)
Commitments (UA): 300,000
Conversion Rate USD (2026-03-02): 1,36276
Commitments (USD): 408,828


Contact Information
This section aims to support the local communities and local CSO to get to know which stakeholders are involved in a project with their roles and responsibilities. If available, there may be a complaint office for the respective bank which operates independently to receive and determine violations in policy and practice. Independent Accountability Mechanisms receive and respond to complaints. Most Independent Accountability Mechanisms offer two functions for addressing complaints: dispute resolution and compliance review.

Name: Mosllem Ahmed ALAMIR AHMED
Email: m.ahmed@afdb.org

ACCESS TO INFORMATION

You can submit an information request for project information at: https://www.afdb.org/en/disclosure-and-access-to-information/request-for-documents. Under the AfDBs Disclosure and Access to Information policy, if you feel the Bank has omitted to publish information or your request for information is unreasonably denied, you can file an appeal at https://www.afdb.org/en/disclosure-and-access-to-information/appeals-process.

ACCOUNTABILITY MECHANISM OF AfDB

The Independent Review Mechanism (IRM), which is administered by the Compliance Review and Mediation Unit (CRMU), is the independent complaint mechanism and fact-finding body for people who have been or are likely to be adversely affected by an African Development Bank (AfDB)-financed project. If you submit a complaint to the IRM, it may assist you by either seeking to address your problems by facilitating a dispute resolution dialogue between you and those implementing the project and/or investigating whether the AfDB complied with its policies to prevent environmental and social harms. You can submit a complaint electronically by emailing crmuinfo@afdb.org, b.kargougou@afdb.org, b.fall@afdb.org, and/or s.toure@afdb.org. You can learn more about the IRM and how to file a complaint at: https://www.afdb.org/en/independent-review-mechanism/

How it works

How it works