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Mozambican State Revenues From Concessions Soar 40% in 2023

Mozambican State Revenues From Concessions Soar 40% in 2023

The Mozambican state’s revenue from concessions increased by 40.1 per cent in 2023, compared to the previous year, to more than 5,279 million meticals (76.5 million euros), according to official data to which Lusa had access today.

The contribution of concessions to total state revenue in this period was 1.6 per cent, compared to 1.3 per cent in 2022, when it totalled just over 3,768 million meticals (54.5 million euros), according to the Ministry of Economy and Finance’s economic and social balance of the implementation of the State Budget from January to December.

In this revenue from concessions, Hidroeléctrica de Cahora Bassa, with almost 2,324 million meticals (33.6 million euros), a year-on-year increase of 37.8 per cent, and the Port of Maputo, with more than 1,265 million meticals (18.3 million euros), an increase of 53.1 per cent, contributed 44.0 per cent and 24.0 per cent of the total, respectively.

Overall, the total current revenue of the Mozambican state grew by 14.2 per cent in 2023, to almost 326.258 billion meticals (4.727 billion euros).

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Dividend income increased by almost 38.5 per cent in 2023, to around 9,278 million meticals (134.5 million euros), half of which was also guaranteed by the Cahora Bassa Hydroelectric Plant, followed by the Port and Railways of Mozambique, with almost 15 per cent of the total.

Lusa

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