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.

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.

Why Ethiopian Airlines (not SAA) is Africa's biggest and best airline

Why Ethiopian Airlines (not SAA) is Africa's biggest and best airline

State-owned (but not managed) Ethiopian Airlines is profitable. Bruce Whitfield interviews Africa correspondent Lee Kasumba.

Popular articles
Zondo Commission: 'Zuma under increasing pressure'

Zondo Commission: 'Zuma under increasing pressure'

News24 assistant news editor Pieter du Toit says the former president lost the initiative on Day 2 of his testimony.

[WATCH] Mzansi's Ndlovu Youth Choir headed for AGT's live shows!

[WATCH] Mzansi's Ndlovu Youth Choir headed for AGT's live shows!

The choir that is stealing America's hearts is headed to the next round of America's Got Talent.

[BREAKING NEWS] Johnny Clegg (66) has passed away

[BREAKING NEWS] Johnny Clegg (66) has passed away

Specialists diagnosed the singer with pancreatic cancer in 2015.

[LISTEN] Voice of the underworld - a 'retired' Cape Flats gangster speaks out

[LISTEN] Voice of the underworld - a 'retired' Cape Flats gangster speaks out

Jason is a 50-year-old former member of The Americans, the largest street gang operating in Cape Town.

Shark attack: 'I saw a cloud of blood in the water'

Shark attack: 'I saw a cloud of blood in the water'

Joao Felizardo helped rescue his surfer buddy Dusty Phelan after a shark bit him across both his legs in Port Alfred.

'Batchelor was once close to Mikey Schultz and self-confessed Kebble killers'

'Batchelor was once close to Mikey Schultz and self-confessed Kebble killers'

Journalist and author Mandy Wiener describes former footballer Marc Batchelor's links to alleged underworld figures.

How Christo Wiese became the richest in SA, and how it all came crashing down

How Christo Wiese became the richest in SA, and how it all came crashing down

The Money Show’s Bruce Whitfield interviews TJ Strydom, author of “Christo Wiese - Risk And Riches”.

'I should have told the Sunday Times the pot smoking was irrelevant'

'I should have told the Sunday Times the pot smoking was irrelevant'

Investigative journalist Jacques Pauw says he's sorry for any harm caused in his article on Mkhwebane and her principal witness.

[WATCH] Over 50 artists record special version of Johnny Clegg’s  “The Crossing”

[WATCH] Over 50 artists record special version of Johnny Clegg’s “The Crossing”

For this week's #GoodNewsThursdays, we find out the inspiration behind the production.