Africa Connected with Standard Bank

How booming Beira is readying to become one of Mozambique's commercial capitals

A market in Mozambique (pixabay.com, 2018)

Standard Bank's Africa Connected host Lee Kasumba is back from travelling through Mozambique’s central port city of Beira in search of opportunities and investment potential.

Click or tap here to learn more about her journey.

The Money Show’s Bruce Whitfield interviewed Kasumba, who recapped her adventure in Beira, a city she described as “cosy and spacious” with a lot of construction and informal trading, day and night.

She described the glaring Chinese influence, the cheap beer (and expensive tea), glorious seafood and high tax rates (e.g. VAT is set at 17%).

Kasumba delved into the booming port, and how traffic has increased from 30 000 containers handled in 1998 to 240 000 in the past year.

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

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

Listen to Kasumba’s Beira recap in the audio below (and/or scroll down for quotes from it).

Beira has got a lot of beaches… it feels like what Maputo was a few years ago… it’s ready to become one of the commercial capitals in Mozambique, it’s beautiful.

Lee Kasumba

The city of Beira was created around the port… Zimbabwe, Zambia and Malawi uses the port…

Lee Kasumba

It [Beira] is a little bit behind [in terms of IT]…

Lee Kasumba

The wind countered all of that [the heat and humidity]…

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.

So long, Beira! And thanks for all the seafood!

So long, Beira! And thanks for all the seafood!

Bruce Whitfield interviews Lee Kasumba who is wrapping up her fact-finding mission in Mozambique’s central port city of Beira.

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

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

VAT at 17%... yoh! Bruce Whitfield interviews Lee Kasumba, who is exploring Mozambique’s central port city of Beira.

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
DStv subscription price hikes for 2019

DStv subscription price hikes for 2019

MultiChoice will increase the prices of certain DStv packages from 1 April.

Dr Adriana Marais was on her way to the Red Planet. Then Mars One collapsed

Dr Adriana Marais was on her way to the Red Planet. Then Mars One collapsed

The Money Show’s Bruce Whitfield interviews Marais, a quantum biology researcher with dreams to live on Mars.

'Get ready for tax levy to save Eskom, because the money is simply not there'

'Get ready for tax levy to save Eskom, because the money is simply not there'

Eskom has so much debt it threatens to break South Africa. Bruce Whitfield interviews Dr Adrian Saville of Cannon Asset Managers.

McBride's testimony could implicate MPs in state capture

McBride's testimony could implicate MPs in state capture

Ipid boss Robert McBride is expected to implicate 30 high profile individuals including Members of Parliament in his testimony.

Agrizzi gives the Mokgoro Commission the cold shoulder fearing charges

Agrizzi gives the Mokgoro Commission the cold shoulder fearing charges

Angelo Agrizzi's legal team wrote to the commission informing it that he won't be testifying following being criminally charged.

South Africa just became the world’s hottest destination for oil exploration

South Africa just became the world’s hottest destination for oil exploration

The Money Show’s Bruce Whitfield interviews Stephen Larkin, CEO at Africa New Energies.

[WATCH] Baby hilariously tries to eat mom's burritos

[WATCH] Baby hilariously tries to eat mom's burritos

Khabazela shares tweets and Facebook posts that have gone viral.