State revenue from dividends on company shares and property rents rose to 8 billion meticals (124.1 million dollars) between January and September this year. According to budget execution data, dividends represented a 12.8 per cent increase on the total recorded in the first three months of last year.
According to the data, in the period in question, Hidroeléctrica de Cahora Bassa (HCB) paid the most dividends to the state, contributing 5.3 billion meticals. In second place was Empresa Nacional de Hidrocarbonetos (ENH), with 1.2 billion meticals.
The government document also emphasised that Millennium bim, a bank controlled by Portugal’s BCP and in which the state has a stake, contributed 763.9 million meticals, Companhia Pipeline Moçambique-Zimbabué, 499.8 million meticals and the state-owned Portos e Caminhos-de-Ferro de Moçambique (CFM), 250 million meticals.
The report noted that also in the first nine months of this year, revenue from concessions paid to the state grew 57.7 per cent year-on-year, earning more than 3.9 billion meticals, accounting for 1.5 per cent of all state revenue.
‘With a weight of 52.4 per cent of the total, HCB was also the company that paid the most to the state for concessions, an amount that grew to more than 2 billion meticals,’ he concluded.
