The Mozambican State’s revenue from dividends more than doubled in the first half of the year, compared to the same period in 2022, to almost 5,641 million meticais (82.1 million euros), according to data that Lusa had access to yesterday.
According to the economic and social balance of the execution of the State Budget from January to June, from the Ministry of Economy and Finance, the weight of the contribution of dividends to total revenue for this period was 3.8%, when in the first half of 2022 amounted to 1.7%, then worth more than 2,224 million meticais (32.4 million euros).
In this way, dividend income for the State grew 153.6% in the first half of the year.
Still in dividend income, the Cahora Bassa Hydroelectric Plant, with more than 3,643 million meticais (53 million euros), and the Ports and Railways of Mozambique, with almost 1,182 million meticais (17.5 million euros) , contributed, respectively, 64.6% and 21.0% of the total.
Millennium Banco Internacional de Moçambique (BIM) – 66.68% owned by the Portuguese BCP and 17.12% by the Mozambican State – with almost 640 million meticais (9.3 million meticais), and Companhia Moçambicana de Hidrocarbonetos , with 178.6 million meticais (2.6 million euros), contributed 11.3% and 3.2%, respectively, to the Mozambican State’s total revenue from dividends.
Overall, the Mozambican State’s current revenues grew 9.8% in the first half of the year, to more than 146,474 million meticais (2,133 million euros), driven by the increase in tax collection, which represented 45.2% of the total.
With concessions, in various sectors, the State raised 2,035 million meticais (29.6 million euros), an increase of 13.4% compared to the first half of 2022, which guaranteed 1.4% of total revenue.
