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.
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.
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:
Recommendedby NEWSROOM AI
Lee Kasumba's last stop in Port Harcourt for Africa Connected was to a movie set like few others!
Pan-African journalist, Lee Kasumba is on a fact-finding mission in Port Harcourt, Nigeria for Standard Bank's Africa Connected.
Bruce Whitfield interviews Lee Kasumba who is wrapping up her fact-finding mission in Mozambique’s central port city of Beira.
VAT at 17%... yoh! Bruce Whitfield interviews Lee Kasumba, who is exploring Mozambique’s central port city of Beira.
The Money Show’s Bruce Whitfield interviews distinguished Africa correspondent Lee Kasumba, who is in Mozambique’s central city.
State-owned (but not managed) Ethiopian Airlines is profitable. Bruce Whitfield interviews Africa correspondent Lee Kasumba.
MultiChoice will increase the prices of certain DStv packages from 1 April.
The Money Show’s Bruce Whitfield interviews Marais, a quantum biology researcher with dreams to live on Mars.
Eskom has so much debt it threatens to break South Africa. Bruce Whitfield interviews Dr Adrian Saville of Cannon Asset Managers.
Ipid boss Robert McBride is expected to implicate 30 high profile individuals including Members of Parliament in his testimony.
Angelo Agrizzi's legal team wrote to the commission informing it that he won't be testifying following being criminally charged.
The Money Show’s Bruce Whitfield interviews Stephen Larkin, CEO at Africa New Energies.
Khabazela shares tweets and Facebook posts that have gone viral.