Mozambican state revenues from dividends grow to almost €200 million in 2024

Login

Register

http://www.clubofmozambique.com/

Mozambican state revenues from dividends grow to almost €200 million in 2024

12:56 CAT | 20 Feb 2025

FILE - For illustration purposes only. [File photo: Notícias]

The Mozambican state’s revenues from dividends from company shares and property income increased by almost 40% in 2024 to 12,879 million meticais (€192.6 million), according to government data.

According to budget execution data from January to December, these dividends represented 3.7% of the total revenue of the Mozambican state in that period (2.7% in 2023), which was almost 344,836 million meticais (€5,156 million), comprising a growth of 38.7% compared to the previous year.

The Cahora Bassa Hydroelectric Plant paid the most dividends (56.8% of the total) to the Mozambican state from January to December last year, of more than 7,308 million meticais (€109.3 million), against 4,643 million meticais (€69.4 million) in 2023.

This is followed by the National Hydrocarbons Company (ENH), with 2.2 billion meticais (€32.9 million), a growth of 280% in the space of a year, and then the state-owned Ports and Railways of Mozambique (CFM), with 1.042 billion meticais (€15.6 million), a year-on-year decline of almost 25%.

Millennium BIM, a bank controlled by the Portuguese BCP and owned by the Mozambican state paid 763.9 million meticais (€11.4 million) in dividends last year, and the Mozambique- Zimbabwe Pipeline Company paid almost one billion meticais (€14.9 million).

Revenues from concessions paid to the state fell by 4.6% in 2024 compared to the previous year, to 5,035 million meticais (€75.3 million), accounting for 1.5% of all state revenues (1.6% in 2023), according to the same budget execution report.

With almost 50% of the total, Cahora Bassa Hydroelectric Plant paid the most to the state in concessions, a value that grew in this period by 8.1%, to more than 2,513 million meticais (€37.6 million).

Source: Lusa