STC was created in March 2008, in the early part of the economic transition within the country, in line with new directions the Government chose for its progress. It is governed by a Board of Directors, and is commercially autonomous in its operations, not dependent on the government budget. It is, however subject to government oversight, being a public commercial enterprise.
In late 2008, Seychelles embarked on a major macro-economic national reform process, supported by the IMF. The commercial environment underwent significant changes, with more private importers entering into the trading business, fuelling competition within the sector. Both the supply and demand sides of the Seychelles economy underwent major transformation. In line with the economic changes, STC had to adapt itself by focusing on core activities, streamlining its workforce, and improving its existing services and product portfolios to better match new stakeholder expectations. STC is now a trading company, with its core business being the imports, storage and distribution of essential and basic foods.
STC envisioned becoming the leading Trading Company in Seychelles. With regards to their mission the Company aims to be consumers’ best choice when looking for value they can trust. In order to achieve their vision and mission STC plans to:
Head Office: P O Box 634, Latanier Road, Victoria, Mahe, Seychelles
Tel: +248 4285000
Fax: +248 4224735