• Contact
Monday, May 12, 2025
  • Login
The African Business - News About African business
  • Home
  • EconomyNew
    China remains Africa’s largest bilateral trading partner, accounting for 20% of the region’s exports and 16% of its imports.

    African nations may face pressure as China warns against U.S.-aligned trade deals

    afb

    The African Development Bank Group (AfDB) is rolling out Special Agro-Industrial Processing Zones (SAPZs) across Africa

    ua

    Trump cuts see main African health agency turn to local funding

    Trending Tags

  • Business
    de beers

    De Beers to shut down lab-grown diamond brand Lightbox

    cannabis

    South Africa to revise cannabis food laws amid public backlash

    BFA

    BPI expects to earn over €95 million from partial sale of BFA in July

    Alcides Andrade, anpg

    ANPG has already awarded over 40 new concessions in various oil blocks

    nvidia

    Africa’s first AI factory, backed by Zimbabwean billionaire and Nvidia, to cost $720 million

    elon musk

    South African minister accused of trying to ease ownership law for Elon Musk’s Starlink

    copper

    Copper prices surge as Trump signals 25% tariff on imports

    bmw

    BMW SA reintroduces third shift, says there is growing local interest in PHEV model

    zim

    Zimbabwe seeks $950m in new bid to kick-start mining firm

  • Finance
    Armando Jorge Mota

    Armando Jorge Mota Announced as New CEO of Sanlam Angola Seguros

    Nigeria asks banks to save forex gains amid currency risks

    Nigeria asks banks to save forex gains amid currency risks

    PayPal finally launches Apple Pay support for its credit and debit cards

    PayPal finally launches Apple Pay support for its credit and debit cards

    TLG Capital launches ₦2.25B collateralized credit facility for OnePipe

    TLG Capital launches ₦2.25B collateralized credit facility for OnePipe

    Silicon Valley Bank: Global bank stocks slump despite Biden reassurances

    Silicon Valley Bank: Global bank stocks slump despite Biden reassurances

    [Kenya] Digital credit provider Tala disbursed Sh240 billion in loans in eight years

    [Kenya] Digital credit provider Tala disbursed Sh240 billion in loans in eight years

    Digital banking revolution can help SA banks regain their customers’ love, says BCG

    Digital banking revolution can help SA banks regain their customers’ love, says BCG

    Nigeria launches payments card program to rival Visa and Mastercard

    Nigeria launches payments card program to rival Visa and Mastercard

    Mastercard and ZoodPay join forces to launch the first virtual installment card across EEMEA

    Mastercard and ZoodPay join forces to launch the first virtual installment card across EEMEA

  • Opinion
  • Lifestyle
  • Sports
  • Green Economy
No Result
View All Result
  • Home
  • EconomyNew
    China remains Africa’s largest bilateral trading partner, accounting for 20% of the region’s exports and 16% of its imports.

    African nations may face pressure as China warns against U.S.-aligned trade deals

    afb

    The African Development Bank Group (AfDB) is rolling out Special Agro-Industrial Processing Zones (SAPZs) across Africa

    ua

    Trump cuts see main African health agency turn to local funding

    Trending Tags

  • Business
    de beers

    De Beers to shut down lab-grown diamond brand Lightbox

    cannabis

    South Africa to revise cannabis food laws amid public backlash

    BFA

    BPI expects to earn over €95 million from partial sale of BFA in July

    Alcides Andrade, anpg

    ANPG has already awarded over 40 new concessions in various oil blocks

    nvidia

    Africa’s first AI factory, backed by Zimbabwean billionaire and Nvidia, to cost $720 million

    elon musk

    South African minister accused of trying to ease ownership law for Elon Musk’s Starlink

    copper

    Copper prices surge as Trump signals 25% tariff on imports

    bmw

    BMW SA reintroduces third shift, says there is growing local interest in PHEV model

    zim

    Zimbabwe seeks $950m in new bid to kick-start mining firm

  • Finance
    Armando Jorge Mota

    Armando Jorge Mota Announced as New CEO of Sanlam Angola Seguros

    Nigeria asks banks to save forex gains amid currency risks

    Nigeria asks banks to save forex gains amid currency risks

    PayPal finally launches Apple Pay support for its credit and debit cards

    PayPal finally launches Apple Pay support for its credit and debit cards

    TLG Capital launches ₦2.25B collateralized credit facility for OnePipe

    TLG Capital launches ₦2.25B collateralized credit facility for OnePipe

    Silicon Valley Bank: Global bank stocks slump despite Biden reassurances

    Silicon Valley Bank: Global bank stocks slump despite Biden reassurances

    [Kenya] Digital credit provider Tala disbursed Sh240 billion in loans in eight years

    [Kenya] Digital credit provider Tala disbursed Sh240 billion in loans in eight years

    Digital banking revolution can help SA banks regain their customers’ love, says BCG

    Digital banking revolution can help SA banks regain their customers’ love, says BCG

    Nigeria launches payments card program to rival Visa and Mastercard

    Nigeria launches payments card program to rival Visa and Mastercard

    Mastercard and ZoodPay join forces to launch the first virtual installment card across EEMEA

    Mastercard and ZoodPay join forces to launch the first virtual installment card across EEMEA

  • Opinion
  • Lifestyle
  • Sports
  • Green Economy
No Result
View All Result
The African Business - News About African business
No Result
View All Result
Home Business

Tanzania assembles the largest freshwater yacht in East Africa

TAB by TAB
16/02/2023
in Business
0
Tanzania assembles the largest freshwater yacht in East Africa
0
SHARES
1
VIEWS
Share on FacebookShare on Twitter
  • Tanzania has built its own fresh-water vessel, the MV Mwanza Hapa Kazi Tu.
  • It is the largest ship in all of East Africa and is geared towards economic development.
  • The ship cost $43 million and is 82% completed.

Tanzania has floated East Africa’s largest-ever locally made freshwater passenger and freight ship, the MV Mwanza Hapa Kazi Tu, on Lake Victoria.

The ship, launched on February 12 at Mwanza South Port, can transport 1,200 people, 400 tonnes of cargo, 20 light cars, and three trucks. It is now 82% completed.

Related posts

de beers

De Beers to shut down lab-grown diamond brand Lightbox

08/05/2025
3
cannabis

South Africa to revise cannabis food laws amid public backlash

08/05/2025
2

The ship’s construction began in January 2019 and was led by two South Korean businesses, Gas Entec and KangNam Corporation. The taxpayers will pay more than Tsh100 billion (US$43 million) for the 92.6-meter-long, 17-meter-wide, and 20-meter-high warships.

Considering Tanzania’s reliance on its blue economy, especially, its island cousin of Zanzibar, this ship would help stir economic opportunities through the country’s water resources. Last year, Zanzibar received 1000 tourists via a cruise ship that docked at the Dar es Salaam Port from Egypt as part of its 71-day round-trip in the Grand Africa Voyage.

The Dutch ship stretched 237.7 meters (780 ft) long and belonged to the Holland America Lines but with the MV Mwanza Hapa Kazi Tu, such trips can veer revenue back to the Tanzanian government.

Tanzania’s Deputy Minister for Works and Transport Atupele Mwakibete noted that the MV Mwanza Hapa Kazi Tu would help “open new markets inside and outside the country by starting new trips that will help facilitate commercial, business, tourism and private trips”.

According to the CEO of Tanzania’s Marine Services Company Limited, Eric Hamissi, the ship is practically completed with a few minor tweaks left. “Up to this point of float-out, we can say the ship is complete and the remaining 18% is just minor installations that will be done in less than four months,” he said.

The ship is intended to sail through Lake Victoria, Jinja, and Portbell in Uganda, Kisumu in Kenya, and Mwanza, Bukoba, Kemondo, and Musoma in Tanzania.

The yacht will contain a VVIP area for national leaders as well as standard VIP amenities such as a first-class section with a capacity of 60 people, a business-class section with a capacity of 100 people, and a second-class section with a capacity of 200 people.

“The last will be the economy class which will be carrying 834 passengers and, in this class, passengers will enjoy a modern ambiance with maximum relaxation, enabling them to tour comfortably,” said Hamissi.

Source: Africa Business Insider
Previous Post

Nelson Mandela Bay LBC calls for oil & gas market revitalization

Next Post

GetFundedAfrica & Uqudo partner to promote technological advancement in Africa

Next Post
GetFundedAfrica & Uqudo partner to promote technological advancement in Africa

GetFundedAfrica & Uqudo partner to promote technological advancement in Africa

RECOMMENDED NEWS

South Africa Barloworld’s car-rental unit sees valuation of US$260M on Listing

South Africa Barloworld’s car-rental unit sees valuation of US$260M on Listing

2 years ago
2
US deputy secretary of state visits Africell Angola

US deputy secretary of state visits Africell Angola

3 years ago
3
Africa must embrace carbon trading

Africa must embrace carbon trading

2 years ago
3
Keep your fingers crossed that he’s The One

Keep your fingers crossed that he’s The One

2 years ago
1

BROWSE BY CATEGORIES

  • Business
  • Economy
  • Finance
  • Green Economy
  • Lifestyle
  • Opinion
  • Sports
  • Uncategorized

Ads

Categories

  • Business
  • Economy
  • Finance
  • Green Economy
  • Lifestyle
  • Opinion
  • Sports
  • Uncategorized
The African Business - News About African business

We bring you the best Premium news about African Business.

Follow us on social media:

Recent News

  • De Beers to shut down lab-grown diamond brand Lightbox
  • South Africa to revise cannabis food laws amid public backlash
  • BPI expects to earn over €95 million from partial sale of BFA in July

Category

  • Business
  • Economy
  • Finance
  • Green Economy
  • Lifestyle
  • Opinion
  • Sports
  • Uncategorized

Legal Information

Terms and Conditions
Privacy Policy
Complaints Book

  • Contact

© 2021 The African Business

Welcome Back!

Login to your account below

Forgotten Password?

Retrieve your password

Please enter your username or email address to reset your password.

Log In
No Result
View All Result
  • Home
  • Economy
  • Business
  • Finance
  • Opinion
  • Lifestyle
  • Sports
  • Green Economy

© 2021 The African Business