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
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: A Profile on the Peacock Hotel
Joseph Mfugale, 64, is the founder,. He recevied his MBA from the University of Lusanne, Switzerland.
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Africa Entrepreneurship Master Class: The 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: Visit to the Peacock Hotel Proposed Beach Site
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.
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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.