{"id":52280,"date":"2023-12-16T19:03:26","date_gmt":"2023-12-16T19:03:26","guid":{"rendered":"https:\/\/www.africa-press.net\/mozambique\/all-news\/restructuring-state-companies-increases-dividends-by-9"},"modified":"2023-12-16T19:58:43","modified_gmt":"2023-12-16T19:58:43","slug":"restructuring-state-companies-increases-dividends-by-9","status":"publish","type":"post","link":"https:\/\/www.africa-press.net\/mozambique\/all-news\/restructuring-state-companies-increases-dividends-by-9","title":{"rendered":"Restructuring state companies increases dividends by 9%"},"content":{"rendered":"

Africa-Press – Mozambique. <\/strong><\/span>Mozambique\u2019s government said that the restructuring of the State Business Sector will continue in 2024 and that this process has led to a 9% increase in dividend income for the state this year.<\/p>\n

In a response to the parliamentary committees on the proposed Economic and Social Plan and State Budget (PESOE) for 2024, to which Lusa had access on Friday, the Ministry of Economy and Finance recalls that the \u201coperational and financial restructuring of ten companies\u201d began this year, starting with the \u201cresizing of the workforce\u201d.<\/p>\n

It also involved \u201cregularising\u201d social security contributions, \u201creducing operating costs\u201d, and \u201crestructuring debts and rationalising assets\u201d<\/p>\n

\u201cDividend income grew by 9% in the period from 2022 to 2023, from 7.8 billion meticais to 8.5 billion meticais [\u20ac113.2 million to \u20ac123.4 million],\u201d reads the response.<\/p>\n

It adds that the Activity Plan and Budget of the Institute for the Management of State Holdings (IGEPE) for 2024, as part of the restructuring of the state business sector, include \u201ccontinuing to implement the strategy of making the companies viable and profitable\u201d, with a \u201cfocus\u201d on Regadio do Baixo Limpopo (RBL), telecommunications operator Tmcel, Mozambique Airlines (LAM) and Mozambique Airports (ADM).<\/p>\n

The government has previously identified natural disasters, public debt above sustainability limits, inflation and the performance of the State Business Sector as the main fiscal risks in 2024.<\/p>\n

In November, the World Bank warned that Mozambique\u2019s public companies represent the greatest potential danger to national public finances among African countries, accounting for almost 35% of Gross Domestic Product (GDP), only below the vulnerability registered in The Gambia.<\/p>\n

\u201cIn countries where public companies represent a large part of economic activity, they can pose risks to public finances; analysing 14 sub-Saharan African countries, public companies represent 7% of GDP, assets are around 34% of public assets, and potential risks are, on average, around 20% of GDP,\u201d reads the World Bank\u2019s report on the operational context of public companies.<\/p>\n

In the document that analyses the situation of 76,000 public companies in 91 countries, the World Bank experts write that \u201cwhen risks materialise, they generally have large and lasting implications for budget deficits and debt, as well as for the conduct of fiscal policy, and can lead to economic and financial crises\u201d.<\/p>\n

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

Africa-Press – Mozambique. Mozambique\u2019s government said that the restructuring of the State Business Sector will continue in 2024 and that this process has led to a 9% increase in dividend income for the state this year. In a response to the parliamentary committees on the proposed Economic and Social Plan and State Budget (PESOE) for […]<\/p>\n","protected":false},"author":84,"featured_media":52279,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[2,5],"tags":[233,281,283],"class_list":["post-52280","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":"\nRestructuring state companies increases dividends by 9% - Mozambique<\/title>\n<meta name=\"description\" content=\"Mozambique\u2019s government said that the restructuring of the State Business Sector will continue in 2024 and that this pro ...\" \/>\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\/restructuring-state-companies-increases-dividends-by-9\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"Restructuring state companies increases dividends by 9%\" \/>\n<meta property=\"og:description\" content=\"Mozambique\u2019s government said that the restructuring of the State Business Sector will continue in 2024 and that this pro ...\" \/>\n<meta property=\"og:url\" content=\"https:\/\/www.africa-press.net\/mozambique\/all-news\/restructuring-state-companies-increases-dividends-by-9\" \/>\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=\"2023-12-16T19:03:26+00:00\" \/>\n<meta property=\"article:modified_time\" content=\"2023-12-16T19:58:43+00:00\" \/>\n<meta property=\"og:image\" content=\"https:\/\/static.africa-press.net\/mozambique\/sites\/64\/2023\/12\/sm_1702743744.64146.jpg\" \/>\n\t<meta property=\"og:image:width\" content=\"730\" \/>\n\t<meta property=\"og:image:height\" content=\"438\" \/>\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\/restructuring-state-companies-increases-dividends-by-9#article\",\"isPartOf\":{\"@id\":\"https:\/\/www.africa-press.net\/mozambique\/all-news\/restructuring-state-companies-increases-dividends-by-9\"},\"author\":{\"name\":\"cfeditoren\",\"@id\":\"https:\/\/www.africa-press.net\/mozambique\/#\/schema\/person\/068c7ab4e9634ae78ec5d54ec46598bb\"},\"headline\":\"Restructuring state companies increases dividends by 9%\",\"datePublished\":\"2023-12-16T19:03:26+00:00\",\"dateModified\":\"2023-12-16T19:58:43+00:00\",\"mainEntityOfPage\":{\"@id\":\"https:\/\/www.africa-press.net\/mozambique\/all-news\/restructuring-state-companies-increases-dividends-by-9\"},\"wordCount\":372,\"commentCount\":0,\"image\":{\"@id\":\"https:\/\/www.africa-press.net\/mozambique\/all-news\/restructuring-state-companies-increases-dividends-by-9#primaryimage\"},\"thumbnailUrl\":\"https:\/\/static.africa-press.net\/mozambique\/sites\/64\/2023\/12\/sm_1702743744.64146.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\/restructuring-state-companies-increases-dividends-by-9#respond\"]}]},{\"@type\":\"WebPage\",\"@id\":\"https:\/\/www.africa-press.net\/mozambique\/all-news\/restructuring-state-companies-increases-dividends-by-9\",\"url\":\"https:\/\/www.africa-press.net\/mozambique\/all-news\/restructuring-state-companies-increases-dividends-by-9\",\"name\":\"Restructuring state companies increases dividends by 9% - 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