Tanzania expands merchant fleet
Tanzania's Transport Minister Makame Mbarawa said the construction of four cargo ships for Lake Tanganyika is part of the government's strategy to strengthen maritime transport and exploit trade opportunities with neighboring countries.
The vessels, which are being built by Golden Logistics Company Limited, will facilitate the movement of goods between Tanzania, the DRC and other countries bordering Lake Tanganyika, which is expected to lead to increased trade in the Great Lakes region.
According to the minister, in addition to building ships, the government continues to build a ship repair workshop for the Tanzania Shipping Agencies Corporation (TASHICO). The contractor has already received an advance payment of USD 8.8 million and has started implementing the contract.
DAILY NEWS
