Africa Entrepreneurship Master Class

Four Columbia Business School students consulted with hotel owner and Dar es Salaam entrepreneurs, Joseph and Damasi Mfugale, on how to build their Peacock Hotel chain, from three-stars into a five-star hotel.

Africa Entrepreneurship Master Class: Meeta

Meeta Sethna, Columbia Business School, class of ’08, talks about her reasons for participating in the African Entrepreneurship Master Class.

Africa Entrepreneurship Master Class: Charlly

Charlly Greene, Columbia Business School student, class of ’08, talks about her participation in the African Entrepreneurship Master Class.

Africa Entrepreneurship Master Class: First meeting

The Columbia Business School team meets Joseph and Damasi Mfugale, owner and ceo of the Peacock Hotel. The Mfugales take the CBS team on a tour of their $2 million hotel expansion that will include a spa, conference center and luxury suites.

Africa Entrepreneurship Master Class: Peacock Hotel

Joseph Mfugale, 64, is the founder,. He recevied his MBA from the University of Lusanne, Switzerland.

Africa Entrepreneurship Master Class: Drive

Damasi takes the Columbia Business School students to survey the proposed site for their beachfront luxury hotel on the Kigamboni Peninsula. The site is a five-minute ferry ride from Dar with an additional 10-minute drive from the Kigamboni ferry. This day, the ride took almost two hours.

Africa Entrepreneurship Master Class: Beach

Damasi and the Columbia Business School team finally arrive at the beach front property. The Mfugales paid the Tanzanian government $100,000 for the prime real estate. There is a catch.

Africa Entrepreneurship Master Class: Business Meetings

The Columbia Business School team meets with members from various financial institutions and Peacock Hotel staff to understand the financing for the planned Peacock Hotel expansions.

Africa Entrepreneurship Master Class: Final Strategy Meeting

Meeta, Charlly and Danielle prepare their strategy for their final meeting with the Mfugales.

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Africa Entrepreneurship Master Class: Final Meeting

The Columbia team meets with the Mfugales for the last time.