{"id":38591,"date":"2023-05-12T11:28:49","date_gmt":"2023-05-12T11:28:49","guid":{"rendered":"https:\/\/www.africa-press.net\/mozambique\/all-news\/hcb-announces-dividend-increase-of-11-6"},"modified":"2023-05-12T11:40:44","modified_gmt":"2023-05-12T11:40:44","slug":"hcb-announces-dividend-increase-of-11-6","status":"publish","type":"post","link":"https:\/\/www.africa-press.net\/mozambique\/all-news\/hcb-announces-dividend-increase-of-11-6","title":{"rendered":"HCB announces dividend increase of 11.6%"},"content":{"rendered":"

Africa-Press – Mozambique. <\/strong><\/span>Dividends distributed by Hidroele\u0301ctrica de Cahora Bassa (HCB-Cahora Bassa Hydroelectric) to its shareholders increased by 11.6% compared to last year, according to data announced yesterday by the Mozambican state company.<\/p>\n

At a general meeting, HCB approved \u201cthe distribution of dividends in the order of 44.92% of the approximately 9.2 billion meticais (\u20ac129 million) of the company\u2019s net results\u201d, a statement on the matter reads.<\/p>\n

The amount corresponds to 4.1 billion meticais (\u20ac58 million), 11.6% more than the 3.7 billion meticais (\u20ac52 million) distributed in 2022. This year, the amount of the dividend per share will be 0.156 meticais, up from 0.14 meticais last year.<\/p>\n

It should be recalled that part of the HCB\u2019s shareholding structure results from the public offering of 4% of the capital carried out in 2019. The amount of around five billion meticais remaining from the company\u2019s net results \u201cwill be transferred to retained earnings\u201d.<\/p>\n

The shareholders\u2019 general meeting also served to ratify the contracting of loans with the African Development Bank (AfDB) and the French Development Agency (AFD), including the related guarantees, to finance the Capex Vital investment plan.<\/p>\n

Acceptance of a European Union subsidy, in the form of a donation granted through AFD, was also ratified. HCB intends to invest in a renovation providing for another 25 years of useful life which will also increase production capacity by 5% (currently at 2075 MW).<\/p>\n

In 2022, the company obtained the endorsement of the African Development Bank (AfDB) and the French Development Agency (AFD) to support these works, with financing lines of up to \u20ac225 million for a strategy in which \u201cpriority will be the equity that the company has at its disposal\u201d, the administration announced.<\/p>\n

HCB shareholders also approved the appointment of new members of the governing bodies, namely Toma\u0301s Matola as chairman of the board of directors, Nilton Trindade, Ermi\u0301nio Chiau, Jose\u0301 Munice and Aida Mabdjaia, as executive directors, and Manuel Tome\u0301 and Faria Conceic\u0327a\u0303o as non-executive directors.<\/p>\n

The hydroelectric plant in the Zambezi River valley near the town of Songo in Tete province is the largest in southern Africa, supplying electricity to Mozambique and neighbouring countries.<\/p>\n

The Mozambican State owns 85% of HCB, the Portuguese company Redes Energe\u0301ticas Nacionais (REN) owns 7.5%, 4% of the share capital is publicly traded and HCB owns 3.5% of its own shares.<\/p>\n

For More News And Analysis About Mozambique<\/a> Follow Africa-Press<\/a><\/strong><\/p>\n","protected":false},"excerpt":{"rendered":"

Africa-Press – Mozambique. Dividends distributed by Hidroele\u0301ctrica de Cahora Bassa (HCB-Cahora Bassa Hydroelectric) to its shareholders increased by 11.6% compared to last year, according to data announced yesterday by the Mozambican state company. At a general meeting, HCB approved \u201cthe distribution of dividends in the order of 44.92% of the approximately 9.2 billion meticais (\u20ac129 […]<\/p>\n","protected":false},"author":84,"featured_media":38590,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[2,5],"tags":[233,281,283],"class_list":["post-38591","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-all-news","category-economy","tag-africa-press","tag-africa-press-mozambique","tag-mozambique"],"yoast_head":"\nHCB announces dividend increase of 11.6% - Mozambique<\/title>\n<meta name=\"description\" content=\"Dividends distributed by Hidroele\u0301ctrica de Cahora Bassa (HCB-Cahora Bassa Hydroelectric) to its shareholders increased ...\" \/>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/www.africa-press.net\/mozambique\/all-news\/hcb-announces-dividend-increase-of-11-6\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"HCB announces dividend increase of 11.6%\" \/>\n<meta property=\"og:description\" content=\"Dividends distributed by Hidroele\u0301ctrica de Cahora Bassa (HCB-Cahora Bassa Hydroelectric) to its shareholders increased ...\" \/>\n<meta property=\"og:url\" content=\"https:\/\/www.africa-press.net\/mozambique\/all-news\/hcb-announces-dividend-increase-of-11-6\" \/>\n<meta property=\"og:site_name\" content=\"Mozambique\" \/>\n<meta property=\"article:publisher\" content=\"https:\/\/www.facebook.com\/AfricaPressTunisiaa\" \/>\n<meta property=\"article:published_time\" content=\"2023-05-12T11:28:49+00:00\" \/>\n<meta property=\"article:modified_time\" content=\"2023-05-12T11:40:44+00:00\" \/>\n<meta property=\"og:image\" content=\"https:\/\/static.africa-press.net\/mozambique\/sites\/64\/2023\/05\/postQueueImg_1683874743.16.jpg\" \/>\n\t<meta property=\"og:image:width\" content=\"1078\" \/>\n\t<meta property=\"og:image:height\" content=\"607\" \/>\n\t<meta property=\"og:image:type\" content=\"image\/jpeg\" \/>\n<meta name=\"author\" content=\"cfeditoren\" \/>\n<meta name=\"twitter:card\" content=\"summary_large_image\" \/>\n<meta name=\"twitter:label1\" content=\"Written by\" \/>\n\t<meta name=\"twitter:data1\" content=\"cfeditoren\" \/>\n\t<meta name=\"twitter:label2\" content=\"Est. reading time\" \/>\n\t<meta name=\"twitter:data2\" content=\"2 minutes\" \/>\n<script type=\"application\/ld+json\" class=\"yoast-schema-graph\">{\"@context\":\"https:\/\/schema.org\",\"@graph\":[{\"@type\":\"Article\",\"@id\":\"https:\/\/www.africa-press.net\/mozambique\/all-news\/hcb-announces-dividend-increase-of-11-6#article\",\"isPartOf\":{\"@id\":\"https:\/\/www.africa-press.net\/mozambique\/all-news\/hcb-announces-dividend-increase-of-11-6\"},\"author\":{\"name\":\"cfeditoren\",\"@id\":\"https:\/\/www.africa-press.net\/mozambique\/#\/schema\/person\/068c7ab4e9634ae78ec5d54ec46598bb\"},\"headline\":\"HCB announces dividend increase of 11.6%\",\"datePublished\":\"2023-05-12T11:28:49+00:00\",\"dateModified\":\"2023-05-12T11:40:44+00:00\",\"mainEntityOfPage\":{\"@id\":\"https:\/\/www.africa-press.net\/mozambique\/all-news\/hcb-announces-dividend-increase-of-11-6\"},\"wordCount\":387,\"commentCount\":0,\"image\":{\"@id\":\"https:\/\/www.africa-press.net\/mozambique\/all-news\/hcb-announces-dividend-increase-of-11-6#primaryimage\"},\"thumbnailUrl\":\"https:\/\/static.africa-press.net\/mozambique\/sites\/64\/2023\/05\/postQueueImg_1683874743.16.jpg\",\"keywords\":[\"Africa Press\",\"Africa Press-Mozambique\",\"Mozambique\"],\"articleSection\":[\"all news\",\"economy\"],\"inLanguage\":\"en-US\",\"potentialAction\":[{\"@type\":\"CommentAction\",\"name\":\"Comment\",\"target\":[\"https:\/\/www.africa-press.net\/mozambique\/all-news\/hcb-announces-dividend-increase-of-11-6#respond\"]}]},{\"@type\":\"WebPage\",\"@id\":\"https:\/\/www.africa-press.net\/mozambique\/all-news\/hcb-announces-dividend-increase-of-11-6\",\"url\":\"https:\/\/www.africa-press.net\/mozambique\/all-news\/hcb-announces-dividend-increase-of-11-6\",\"name\":\"HCB announces dividend increase of 11.6% - 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