Africa Connected with Standard Bank

Booming economy… cheap beer… great food… Beira is where it’s at, but the taxes!

Distinguished Africa correspondent Lee Kasumba is in Mozambique’s central city of Beira, exploring its business opportunities and investment potential.

Click or tap here to follow her journey.

Kasumba’s first impression of port-city Beira was of a “cosy, spacious” city with a lot of construction and informal trading, day and night.

She also mentioned the glaring influence of China.

Other interesting things about Beira:

  • Beer in Beira is cheaper than tea.

  • Seafood is cheap, and delicious.

  • In 1998 the port processed 30 000 containers, it now does 240 000 per year.

The Money Show’s Bruce Whitfield interviewed Kasumba.

She met with the owner of the best restaurant in Beira and a leading IT company.

Kasumba also discussed income tax and VAT in Mozambique.

For more detail; listen to the interview in the audio below (and/or scroll down for quotes from it).

I feel that I’ve had the best meal of my life!

Lee Kasumba

You never run out of water. It’s the perfect environment to produce rice.

Lee Kasumba

Mozambique’s government isn’t really paying attention to this sector [IT]…

Lee Kasumba

Income tax in Mozambique is at about 32%... VAT is at 17%...

Lee Kasumba

Get the 10 most-read articles of the week from Bruce Whitfield’s The Money Show, emailed to you every Friday morning:

Subscribe to our Business Wrap Newsletter


This article first appeared on 702 : Booming economy… cheap beer… great food… Beira is where it’s at, but the taxes!


Recommended

by NEWSROOM AI
Read More
Nollywood, exporting culture to the world

Nollywood, exporting culture to the world

Lee Kasumba's last stop in Port Harcourt for Africa Connected was to a movie set like few others!

Big on palm oil? Make your way to Port Harcourt

Big on palm oil? Make your way to Port Harcourt

Pan-African journalist, Lee Kasumba is on a fact-finding mission in Port Harcourt, Nigeria for Standard Bank's Africa Connected.

'Hospitable' Nigeria ready to make investors feel at home

'Hospitable' Nigeria ready to make investors feel at home

While in Port Harcourt, Africa Connected's Lee Kasumba met with Professor Steve Azaiki, coordinator of National Think Tank Nigeria.

Nigeria is oil. But it's also agriculture and, of course, Nollywood

Nigeria is oil. But it's also agriculture and, of course, Nollywood

Bruce Whitfield asks Lee Kasumba (Africa Connected) to recap her visit to Port Harcourt in Nigeria’s oil-rich Rivers State.

SA partnership holds the key to Port Harcourt's success

SA partnership holds the key to Port Harcourt's success

Pan-African journalist, Lee Kasumba is on a fact-finding mission in Port Harcourt, Nigeria for Standard Bank's Africa Connected.

Beira (Mozambique)… where beer is cheaper than tea (despite ever-present China)

Beira (Mozambique)… where beer is cheaper than tea (despite ever-present China)

The Money Show’s Bruce Whitfield interviews distinguished Africa correspondent Lee Kasumba, who is in Mozambique’s central city.

Popular articles
Parents urged to help transgender kids flourish

Parents urged to help transgender kids flourish

Psychiatrist Dr Simon Pickstone-Taylor says roughly 50% of transgender teens who aren't supported, will attempt suicide in SA.

Not compulsory for WC parents to buy toilet paper on 2019 school stationery list

Not compulsory for WC parents to buy toilet paper on 2019 school stationery list

WCED spokesperson Bronagh Hammond says public schools receive funding towards maintaining 'the national norms and standards'.

'In a school over 50% black, teachers were still majority white'

'In a school over 50% black, teachers were still majority white'

Pundits on the Eusebius McKaiser Show discuss private schools and their reluctance to hire black teachers.

Jawitz Properties sues property owner R320 000 for breach of contract

Jawitz Properties sues property owner R320 000 for breach of contract

Property owner Lynne Zurnamer says she waited for almost 12 months for Jawitz to sell her property and decided to cut ties.

Controversy over who should lead UWC

Controversy over who should lead UWC

Law professor, Dr Danny Titus, explains why the extension of Professor Tyrone Pretorius's contract has enraged certain people.

Sassa beneficiaries to receive an early Christmas

Sassa beneficiaries to receive an early Christmas

Sassa beneficiaries will receive their grant money on 28th of November and they are advised to use it wisely this festive season.

How to protect your wealth in these trying economic times...

How to protect your wealth in these trying economic times...

Personal Financial Advisor Warren Ingram discusses a number of strategies for protecting your wealth in these trying times.

Water-waster receives police warning #WaterWatch

Water-waster receives police warning #WaterWatch

A Bloubergstrand guest house owner got a police warning after hosing down his walls and windows despite Level 3b restrictions

3 emergency numbers you should have on speed dial and how they work

3 emergency numbers you should have on speed dial and how they work

These are the emergency numbers you should have on your cellphone and this is what you must understand about how they work.