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


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
Idols judge Unathi Nkayi gets intimate - opens up about money, beliefs about it

Idols judge Unathi Nkayi gets intimate - opens up about money, beliefs about it

The Money Show’s Bruce Whitfield interviews Nkayi about her attitude to money (hopes and fears, successes and failures, etc.).

VBS gave Zuma R8.5m before any security was provided for loan - News 24 journo

VBS gave Zuma R8.5m before any security was provided for loan - News 24 journo

News 24 investigative journalist Kyle Cowan reports that Zuma was granted the loan despite the fact that he could not afford it.

'The VhaVenda King is very pained by what happened to VBS and people's money'

'The VhaVenda King is very pained by what happened to VBS and people's money'

The VhaVenda King's spokesperson Mathivha Makonde says the King is calling on authorities to help him correct the wrong.

Journos provide fresh insights into the latest on state capture inquiry

Journos provide fresh insights into the latest on state capture inquiry

Journalists Karyn Maughan and Erin Bates provide insights into the state capture inquiry.

C-section births have nearly double since 2000 - study

C-section births have nearly double since 2000 - study

Professor Justus Hofmeyr says there are a number of reasons why the number of c-sections has doubled.