Tanzania has floated a locally built cargo and passenger ship in the Lake Victoria port of its north-western city of Mwanza. The vessel, which the government says is the biggest in the Great Lakes region, is expected to improve transport between the East African countries that share the lake. The ship has the capacity to carry 1,200 people and 400 tonnes of cargo and 20 vehicles. It is being built for $46.6m and is 82% complete. Speaking at the event to land the ship ashore, Tanzania’s Permanent Secretary in the Ministry of Works and Transport Gabriel Migire said the building of the ship was an initiative to help improve trade between the regions bordering the lake.
SOURCE: BBC
More Stories
African and Global Firms Contribute towards Harris’ Empowerment Fund
The Main Winners in Nigeria’s Botched Currency Overhaul are Two Chinese-owned Fintech Apps
The Growing Opportunities that African Pharmaceuticals Present
Africa’s Extraction and Export of Raw Materials is Rising
Accra’s Plan on a Debt-free Life
Mauto is Preparing Benin—and Africa—for an e-bike Ride
Rwanda’s Long History of Mining
Disease Stops Trade in East Africa’s Border Towns
A Marketplace for Medical Equipment in Addis
South African Rate Hike Exceeds All Expectations
At the Coalface of the Green Revolution, but Earning Crumbs
Harris Stresses that U.S. Interests in African Nations Extends beyond Competing with China