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The Grand Tour take on Mozambique Play Video

Culture · 6 min read

The Grand Tour: A Fishy Mozambique Trip

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In this special episode, our Grand Tour trio take on the unlikely role of aid workers, as they attempt to transport fish from Mozambique’s coast to its malnourished interior.

Each will choose a different vehicle to complete the task; Richard Hammond will be riding a motorbike, Jeremy Clarkson will be manning a pickup truck, and James May will be driving a second-hand Mercedes. Who will be the first to deliver their fishy load to its destination? It’s remarkably serious stuff for these boys or as Clarkson puts it, “time now to save the world.”

And while our intrepid heroes set off on their mission of mercy, DHL Express is on a mission to highlight the business opportunities of Africa’s hidden gem.

"The IMF, The World Bank and all the international private bankers say that Mozambique will grow at rates of 20-25%"

João Martins, PwC Mozambique

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A steadily growing economy

Mozambique shows all the signs of being a real economic success story. The country has a GDP of US$12.8bn and has shown an impressive average annual growth rate of 7% over the last ten years. And according to João Martins, a Tax Partner at PwC in Mozambique, the future prospects look even brighter: “The IMF, The World Bank and all the international private bankers say that Mozambique will grow at rates of 20-25%.”

Gateway to the world

The Mozambique coastline stretches for 2,700km. This makes it a vast natural gateway to South African Development Community countries like South Africa, Zambia and Zimbabwe as well as the Middle East, the Mediterranean and Asia. Latest figures from The Observatory of Economic Complexity (OEC) revealed that Mozambique had exports of US$6.06bn and imports totaling US$8.93bn in 2016.

Rich in natural resources

Mozambique has a wealth of mineral resources and, amazingly, much of it remains untapped. Large reserves of coal have been found recently and deposits of graphite, bauxite, gold and gemstones have also been unearthed. The rivers of Mozambique are a potential hydroelectric powerhouse capable of generating 16,000 megawatts. And how about this for a statistic? In 2012, one-third of all the world’s gas and oil was discovered here.

Acres of opportunity

Agriculture is still the main driving force behind Mozambique’s economy. It provides employment for 75% of the workforce, and crops like sugarcane, cotton, tea and tobacco contribute around 26.2% to the country’s GDP. Tourism is ripe for investment here too – with endless sands lapped by the warm Indian Ocean, Mozambique is the quintessential beach destination. Manufacturing is also a hot prospect here, with sectors such as food industries, brewing, cement, textiles and chemicals contributing around 35% to the nation’s growing economy.

Very business-friendly

Mozambique prides itself on its warm, friendly approach to doing business. Virtually all sectors are open to foreign investors, there are no restrictions on the amount a foreign business can invest and the government has created a number of dedicated free trade zones with specific tax incentives. It’s also easy to talk business here, because the most widely spoken language is Portuguese.

So while Clarkson, May and Hammond deliver their fishy catch to Mozambique’s interior, you probably won’t be surprised to learn that this up-and-coming country is reeling in a lot of foreign investment right now.

Watch episode 11 now, exclusively on Amazon Prime Video

 

Although it’s a market with vast potential, we’d advise you to be cautious when selecting individual business partners in Mozambique.

For expert help and guidance, please visit:

DHL Mozambique Contact Center: https://www.logistics.dhl/mz-en/home/our-divisions/ecommerce/customer-service/contact-ecommerce-consumer.html

Or the Government of Mozambique’s Investment Promotion Centre: http://clubofmozambique.com/business-directory/cpi-investment-promotion-centre/

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