Mwanza is one of the fastest-growing cities in Tanzania. It has a prime location on Lake Victoria and it has a great potential to become a leading urban centre in the Lake Region and all East African Community. Due to its locational advantage, Mwanza offers great investment opportunities that will increasingly attract investors and visitors from all over the Globe.
As Mwanza is poised to become a key player in the Lake Region, the City Center must reflect its progressive and vibrant character.
The Government of Tanzania prepared an excellent proposal which is designed to enhance that image and serve as a tool to attract new investments.
Covering approximately 180 hectares in the heart of Mwanza, the City Center Redevelopment Proposal identifies key issues and offers strategies to address them. To revitalize the currently underperforming real estate sector, bankable catalyst projects are proposed, which can be implemented through Public-Private Partnerships (PPPs).
In addition, new public spaces such as the Lakefront Promenade, City Squares, and Pedestrian Broadwalks are designed to position Mwanza as a vibrant city with a high quality of life. Urban Design Guidelines (available to investors only) are also provided to translate land use plans into three-dimensional solutions that align with the vision of Mwanza as the "Pulse of Nyanza." Below are priorities projects along the shore of Lake Victoria.
Mwanza presents two prime investment opportunities in the form of a 4-star traveller Business Hotel and the Iconic Mwanza Tower, both with land allocated by the local government. These projects aim to meet the growing demand for modern hospitality and commercial facilities in the region.
The need for a high-quality business hotel in Mwanza is significant. The city, located along the shores of Lake Victoria, is increasingly attracting business neighbouring, tourists, and visitors from neighboring countries. However, the lack of modern hotel facilities has led to missed opportunities for both tourists and business delegates. With national parks and other major tourist attractions nearby, the development of a 4-star Business Hotel will not only cater to business travellers but also tap into the growing tourism sector.
This hotel would be positioned to offer premium services, catering to local and international guests who expect high standards of comfort and convenience. With the growing number of visitors to Mwanza for business and leisure, the hotel would meet an immediate demand while contributing to the region’s economic growth.
The proposed Iconic Mwanza Tower, envisioned as a high-end development of over 15 floors, is set to become a landmark along the shores of Lake Victoria. This mixed-use tower will host luxury residential flats, office spaces, a shopping mall, and various social amenities. With a rapidly increasing population and the presence of foreign workers employed in nearby gold mines, the demand for long-term, high-quality residential and office space is on the rise.
The tower’s strategic location and breathtaking views of Lake Victoria make it an attractive option for both residents and businesses. The flats can be offered as either freehold properties or rental units, providing flexibility for investors and occupants alike. The iconic design and scale of the tower will elevate Mwanza’s skyline and symbolize its growth and modernization.
The local government is fully committed to supporting both the 4-Star Business Hotel and the Iconic Mwanza Tower projects. The land has already been made available, and authorities are open to negotiating with serious property and infrastructure investors. With the right partners, these projects will transform Mwanza into a vibrant business and tourism hub.
For investors interested in these high-potential opportunities, Tanz Trust is your trusted local partner. We are ready to assist you in navigating the investment process with professionalism and integrity, ensuring a smooth journey from negotiation to project execution. Karibu! Welcome!
The Pulse of Nyanza
Mwanza is Tanzania’s 2nd largest city, in terms of population. It is well connected to the capital Dar es
Salaam and EAC by road, rail, air and water transportation, strengthening the regional economic
positioning of Mwanza City as an inseparable part of the trade. The proposed vision for 2035 is Mwanza the Pulse of Nyanza.
Business and Financial District
The City Centre Zone is envisioned as a business and financial district that will become a regional hub due to high level services generated at the city centre. It is also conceived as a trade centre serving the lake basin’s retail and wholesale trade. This zone will also be repositioned as a recreation and entertainment district.
5 start-up projects will catalyse the city centre's further growth and redevelopment. These catalytic projects are selected because they are:
• Short-term developments that will stimulate Mwanza's future development
• Give the initial momentum for growth
• High quality and will set the standard for the surrounding development
• Bankable and private sector can participate in public projects
We love to hear from you, WhatsApp us Today!
Tanz Trust Ltd
P. O. Box 2088, Nyamagana District, Wards Pamba, Postal Code 33102, Nyerere Street, Mwanza, Tanzania.
Copyright © 2024 Tanz Trust Ltd - All Rights Reserved.
Tanzania: The Land of Mother Nature Wonders