News
  News
        Home Page
        High Commission
        Government
        Information and Activities
        Consular Affairs
        Bilateral Relations
        Trade & Investment
        Tourism

  Government
      

  Investment
      

  AtenÁão
       Prova Anual de Vida dos Pensionistas do INSS Residentes no Estrangeiro







   News Archive News
news
    30 May, 2016
Record electricity production at Cahora Bassa
 
Maputo, 30 May (AIM) – Hidroelectrica de Cahora Bassa (HCB), the company that operates the Cahora Bassa dam on the Zambezi River in the western Mozambican province of Tete, has announced that it produced 16,078 gigawatt-hours of electricity in 2015.

This is the highest annual production in HCB’s history and an increase of 6.8 per cent on the power generated in 2014. Production is now close to the maximum installed capacity (which is 2,075 megawatts).

A press release from HCB announced that the company ended 2015 with a net profit of 4.155 billion meticais (US$71.6 million at current exchange rates). This was a 73 per cent increase on the previous year.

HCB’s healthy financial situation has allowed it to continue paying in advance the US$700 million loan contracted in 2007 which allowed the Mozambican state to take control of the company.

Up until 2007, the Portuguese state owned 82 per cent of HCB, and Mozambique only 18 per cent. Under the agreement of that year between the two governments, the Mozambican shareholding increased to 85 per cent and the Portuguese holding fell to 15 per cent.

To finance this sale the Mozambican government took on a US$700 million loan from a banking syndicate made up of French bank CA Lyon and Portuguese bank BPI, which would be paid off using profits from the company’s business.

Furthermore, HCB’s performance in 2015 allowed the company to pay its two shareholders (the Mozambican and Portuguese states) a dividend that was 53 per cent higher than in 2014.
(AIM)
 
 
  2 December, 2019  
 
AIDS related deaths fell 20 percent over five years
 
President Filipe Nyusi declared on 1 December in the northern city of Nampula that the number of deaths from HIV/AIDS in Mozambique fell by 20 per cent between 2014 and 2018.

 
  18 November, 2019  
 
President addresses Catholic Bishops
 
President Filipe Nyusi on 16 November challenged the Catholic Church to continue its commitment to achieving the social well-being of Mozambicans and indicated that dialogue should be one of the paths chosen.

 
  17 November, 2019  
 
New water system for Gorongosa inaugurated
 
More than 30,000 people will benefit from clean drinking water in Gorongosa town, in the central Mozambican province of Sofala, thanks to a new water supply system that President Filipe Nyusi inaugurated on 15 November.

 


  Archives
News Archive
Picture Archive




 BCS