At a Glance
- MERJ Exchange surpasses $1 billion valuation amid surging listings and global investor interest.
- Seychelles’ digital-first bourse ranks among Africa’s fastest-growing capital-market platforms.
- Top-listed companies strengthen MERJ’s momentum through strong performance and sector diversification.
Seychelles’ MERJ Exchange is fast becoming one of Africa’s most dynamic and innovative capital markets.
Once known mainly for its beaches and tourism appeal, the island nation is now attracting global fintech players, institutional investors, and fast-growing regional firms through a digital-first, highly agile securities platform.
With a market capitalization exceeding $1 billion and a growth rate of more than 300 percent over the past year, MERJ has outpaced many African exchanges in performance and investor activity.
At the core of this rise, as profiled by Shore Africa, are the 7 most valuable companies shaping the exchange’s growth, stability, and global positioning.
1. Seychelles Breweries Ltd
Market Cap: SEY2.18 billion ($151.86 million)
Listed: June 30, 2016
Seychelles Breweries Ltd (SBL) is one of the islands’ most established beverage companies, with a 50-year legacy and a product portfolio deeply woven into the nation’s cultural fabric. Majority-owned by Mauritius-based Phoenix Beverages, SBL remains a dominant force in both the local consumer market and tourism-driven demand.
2. Cable & Wireless Seychelles
Market Cap: SEY2.16 billion ($148.55 million)
Listed: Sept. 26, 2022
Cable & Wireless Seychelles, the country’s oldest telecom operator, delivers mobile, broadband, fixed-line and IPTV services. It operates the only 5G network in Seychelles and remains a fully local-owned company with strong customer penetration.
Market Cap: £63.3 million ($82.74 million)
Listed: Jan. 19, 2023
London Richmond specializes in real-estate investments across London and the Home Counties, offering fixed-income and equity-linked opportunities backed by physical assets. Its disciplined strategy continues to attract investors seeking stable, property-backed returns.
4. AccretivPlus Healthcare Portfolio
Market Cap: $57.1 million
Listed: Nov. 19, 2024
This U.S.-focused healthcare real-estate portfolio owns income-generating medical assets leased to diversified healthcare providers. It targets long-term, stable income and long-run capital appreciation.
5. Trois Freres Distilleries Limited
Market Cap: SEY746.7 million ($51.8 million)
Listed: May 19, 2021
Known globally for its Takamaka rum brand, Trois Frères Distilleries blends traditional craft with modern distillation. Operating from the historic La Plaine St André estate, the company serves both domestic and international markets.
Market Cap: $17.9 million
Listed: Nov. 22, 2019
Minervest invests across property, blockchain, mining, agriculture, private equity and financial services, offering access to opportunities typically reserved for institutional investors. Its global footprint spans Africa, Europe, the Middle East, Asia and the U.S.
Market Cap: SEY210 million ($14.55 million)
Listed: Aug. 8, 2013
SACOS is Seychelles’ leading insurance provider, offering general and life insurance products. As the first company ever listed on the local exchange, it remains a key player in national financial services and community engagement.
