Our Mission

To provide leadership in the management of the University’s financial resources, ensuring regulatory compliance and providing timely delivery of services to all our stakeholders.

Our Values

We provide honest and ethical management of the UniSey’s money.

We value integrity, trustworthiness, responsiveness, productivity and reliability in all our activities.

We adhere to professional accounting and financial standards.

Main Operational Processes

The main processes which generate the bulk of the Finance Section’s work throughout the year are:

• Year-end statutory reporting and annual report process.
• Quarterly reporting process
• Payroll and pension administration process
• Suppliers’ payment process
• Managing receivables process
• Forecasting and budgeting process
• Transaction management process

Finance Department

The Finance Section handles all payments and financial arrangements between our students and UniSey.

The Finance Section is open on Thursdays from 9am to 12noon and 1pm to 2pm to accept all cash payments for tuition fees, exam re-sits, or other types of payments.

To minimize cash transactions, students are encouraged to settle their fees by bank transfer via the UniSey Nouvobanq account:

Bank Account Details

Account Name: University of Seychelles

Account No.: 01002038225006

Bank: Nouvobanq, Seychelles

Branch: Victoria House, Mahe

Swift Code: NOVHSCSC

Steps when conducting a bank transfer:

• First, make the bank transfer through your bank’s mobile or online app.
• Ensure that your name and programme of study are clearly stated for ease of reference.
• Once the transfer is completed, provide the bank receipt (either a scan or a hard copy) to the Finance Section.
• The Finance Section will issue you with a receipt, as acknowledgement of payment.
• Students with a Government Scholarship from ANHRD should ensure that they sign their Bond prior to starting their studies.

• Students from Government bodies, Parastatals and Private companies are invoiced accordingly.
• Self-funded students are offered a flexible payment plan and the option, to either pay in full or by instalment, through the signing of a payment plan with UniSey.

In case of any eventualities where payment cannot be completed, students are advised to alert the Finance Section in writing at the earliest for a decision to be taken.

All exam, re-sit of exam and repeating module(s) payments are to be made two weeks before the start of the exams or deadline.

Once an invoice is issued, it is the responsibility of the individual to settle it before the due date and the Finance Section should be informed of any non-compliance of payment within the due date.

Business Development Section

The primary focus of the Business Development unit is on creating long-term value by identifying and pursuing new opportunities for growth and increased revenue for the university.

This includes building and maintaining strong relationships with external local and international stakeholders, conducting market research, spotting new trends and business areas, identifying diversified revenue streams and improving existing product or service to increase profitability.

Procurement Section

This section oversees purchases and assesses products, services and supplier contracts to ensure the university obtains the best value and remains in compliance with all standards.