Africa-Press – Mozambique. Data released last August by the National Institute of Statistics (INE) indicate that the sum of the share capital of public companies (exclusively owned by the state) and of state-owned companies amounts to 58.4 billion meticais [around US$ 914,738,472 at current exchange rates].
Entitled “The Public Sector in Mozambique: Concept and Scope, 2021”, the report that compiles all public institutions, from political, economic, social to cultural, does not, however, provide comparative data. It does show that the state owns a total of 12 companies/economic institutions whose share capital is valued at 15.6 billion meticais.
According to the report, of these companies/institutions, Electricidade de Moçambique (EDM) is the company with the largest share capital, valued at 6 billion meticais. After EDM comes the company Aeroportos de Moçambique (ADM) with a share capital valued at 4.3 billion meticais, followed by Banco de Moçambique whose share capital is valued at 2.5 billion meticais and, finally, Empresa Moçambicana de Dragagens (EMODRAGA ) with a share capital of 2.4 billion meticais.
Public companies with the lowest share capital include Hidráulica de Chókwè (HICEP) with 12.5 million Meticais, Regadio do Baixo Limpopo (RBL) with 14 million meticais and Imprensa Nacional with a share capital valued at 25 million meticais.
According to the INE report, the state participates in 20 companies whose share capital amounts to 42.8 billion meticais. Of the robust companies, the highlight goes to Hidroeléctrica de Cahora-Bassa (HCB), with share capital of 23 billion meticais. In this company, the state participates in 85%.
After HCB, there is Moçambique Telecom (Tmcel) with a share capital valued at 10 billion meticais. Here, the state participates in 90% of the company’s shareholder structure. Of the robust ones, the highlight also goes to the National Investment Bank (BNI), with a share capital of around 2.5 billion meticais. Here the state holds 100% of the institution’s shares.
Among the companies with the lowest share capital, there is the Mozambican Fishing Company (EMOPESCA), in which the state holds an 80% share, with a share capital valued at 29.5 million meticais. There is also Sementes de Moçambique (SEMOC), 100% owned by the state and with share capital of 34.6 million meticais. Finally, there is the Society of Pharmacies of Mozambique (FARMAC), 100% owned by the state and with a share capital valued at 40 million meticais.
By
Evaristo Chilingue
