What will it take to eliminate poverty in africa? Shantayanan Devarajan, chief econ...
What will it take to eliminate poverty in africa? Shantayanan Devarajan, chief economist of the World Bank africa Region, identifies key opportunities and challenges for development.
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Added: 644 days ago
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Meeta and Charlly recommend how the Mfugales might proceed with the Peacock Hotel brand and their pl...
Meeta and Charlly recommend how the Mfugales might proceed with the Peacock Hotel brand and their planned expansions.
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Added: 644 days ago
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Meeta, Charlly and Danielle prepare their strategy for their final meeting with the Mfugales.
Meeta, Charlly and Danielle prepare their strategy for their final meeting with the Mfugales.
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Added: 644 days ago
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The Columbia Business School team meets Joseph and Damasi Mfugale, owner and ceo of the Peacock Hote...
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.
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Added: 644 days ago
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Meeta Sethna Gournay lives in London and works for RecycleBank, a company that rewards households fo...
Meeta Sethna Gournay lives in London and works for RecycleBank, a company that rewards households for recycling -- and that was founded by Ron Gonen '04 (EMBA). At Columbia, Gournay focused on entrepreneurship, marketing and social enterprise. Before attending business school, she worked at Lehman Brothers, Goldman Sachs and a nonprofit in Mumbai that provides educational programs to underserved children.
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Added: 644 days ago
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Meeta Sethna, Charlly Greene and Danielle Cyr speak about the impact the Dar visit had on their live...
Meeta Sethna, Charlly Greene and Danielle Cyr speak about the impact the Dar visit had on their lives.
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Added: 644 days ago
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Pamela Tsai, Class of '09, and other Stanford students met with entrepreneurs in South afric...
Pamela Tsai, Class of '09, and other Stanford students met with entrepreneurs in South africa. The trip brought a closer bond between the MBAs, an experience that "felt like a big family." Recorded: February 1, 2008
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Added: 648 days ago
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A former editor at stylethread.com, an online fashion magazine, Charlly Greene interned in the finan...
A former editor at stylethread.com, an online fashion magazine, Charlly Greene interned in the finance department at Prada and helped develop a marketing campaign for Kirna Zabete during summer internships following her first two semesters at the School. She was also vice president of corporate relations for the Retail & Luxury Goods Club and an active member of the Harlem Tutorial Program, among several other student organizations.
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Added: 644 days ago
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Joseph Mfugale began his career as a carpenter in 1967. Although his formal schooling ended after th...
Joseph Mfugale began his career as a carpenter in 1967. Although his formal schooling ended after the sixth grade, he went on to run two dry-goods stores, which qualified him for a $30,000 loan from the Tanzanian National Bank of Commerce.
In 1992, Mfugale opened the 27-room Peacock Hotel. In 2006, he self-financed and opened 66 additional rooms and in 2007, Mfugale secured a $2 million loan from the East africa Development Bank to build an additional 75 luxury suites, a conference center and a spa.
Working with his son, Damasi, Mfugale also secured from the government the operating lease for the Millennium Hotel, an upscale hotel on the outskirts of the Dar es Salaam center. This new property is the Mfugales' first step toward branding the Peacock Hotel as a quality hotel chain.
As part of their company's growth plan, the Mfugales' next step is to develop a luxury hotel and resort on beachfront property on the Kigamboni peninsula near Dar es Salaam. The Mfugales purchased the Kigamboni plot from the government for $100,000. If they don't begin construction by August 2009, the government can exercise its right to take back the land. The Mfugales have also targeted two other areas for hotels: Iringa, southwest from Dar es Salaam, and Arusha, a safari hot spot near Kilimanjaro.
Damasi Mfugale, who earned his MBA from the University of Lausanne in Switzerland and worked for the Omni Hotel in North Carolina and the Savoy in London, plans to move the Peacock Hotel brand into its next growth phase before his father retires.
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Added: 644 days ago
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Jim and Tracy learn that in nations like Sierra Leone children as young as 12 are forced to smile, w...
Jim and Tracy learn that in nations like Sierra Leone children as young as 12 are forced to smile, wave, and shake hands until they drop from exhaustion.
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Added: 562 days ago
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The Columbia Business School team meets with members from various financial institutions and Peacock...
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.
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Added: 644 days ago
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In January, seven teams of Columbia Business School students from the Entrepreneurship in af...
In January, seven teams of Columbia Business School students from the Entrepreneurship in africa Master Class visited companies in Nigeria, Tanzania, Ghana and South africa. Each team produced a case study and completed a hands-on project for the company they studied.
One team worked with Joseph and Damasi Mfugale, founder and CEO (and father and son), respectively, of the Peacock Hotel in Dar es Salaam, Tanzania. The Mfugales received $2 million from the East african Development Bank to add 75 luxury rooms, a health spa and a conference center to their 93-room, three-star hotel. They hope to finish the expansion in one year, turning the Peacock into a five-star hotel, and open three new five-star hotels in five years. The Columbia team worked with the Mfugales to develop a strategic plan.
Although tourism is one of the fastest-growing sectors of the Tanzanian economy, development is impeded by such factors as extreme poverty, high rates of infectious disease, unsustainable use of natural resources, widespread corruption and limited foreign and domestic investment. In response to increased demand, the government is building infrastructure and creating investment incentives to attract developers.
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Added: 644 days ago
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From the streets of Soweto to the diamond sorting tables of Zambia, two GSB first-year MBAs recount ...
From the streets of Soweto to the diamond sorting tables of Zambia, two GSB first-year MBAs recount their study trip to southern africa.
Recorded: February 23, 2009
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Added: 648 days ago
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South africa's president formalized his marriage to his third wife during a traditi...
South africa's president formalized his marriage to his third wife during a traditional ceremony in the village of Nkandla. During one of the ceremonial dances, President Zuma stumbles backwards into the crowd.
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Added: 568 days ago
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Always Staying Informed: For Logan Deans, MBA '07, seeing the generation that went through apartheid...
Always Staying Informed: For Logan Deans, MBA '07, seeing the generation that went through apartheid gave him a sense for their dedication to learning and to always staying informed.
Recorded: February 1, 2008
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Added: 648 days ago
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Damasi and the Columbia Business School team arrive at the beach front property. The Mfugales paid t...
Damasi and the Columbia Business School team arrive at the beach front property. The Mfugales paid the Tanzanian government $100,000 for the prime real estate. There is a catch. They have two years to raise funds and break ground for their new hotel or they must give the land back to the government. They could also lose their $100,000 investment. They have until 2010. The Kigamboni project is Damasi's #1 priority.
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Added: 644 days ago
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Damasi takes the Columbia Business School students to survey the proposed site for their beachfront ...
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.
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Added: 644 days ago
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More at http://therealnews.com/c.php?c=080501YT
Foreigners seen as competing for scarce resources
More at http://therealnews.com/c.php?c=080501YT
Foreigners seen as competing for scarce resources
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Added: 562 days ago
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Dean Glenn Hubbard, entrepreneur Eric Tienou '03 and professors Bill Duggan and Gita Johar discuss e...
Dean Glenn Hubbard, entrepreneur Eric Tienou '03 and professors Bill Duggan and Gita Johar discuss economic development in africa. Hubbard, the Russell L. Carson Professor of Finance and Economics, recently coauthored "The Aid Trap" with Duggan. The book advocates for aid investment directly into the small business sector rather than through NGOs. Johar, the Meyer Feldberg Professor of Business, is an expert on consumer psychology. Tienou grew up in Burkina Faso and is involved with several entrepreneurial efforts in the area. One example of how the development of the small business sector is taking place is emerging through Columbia Business School's partnership with the University of Dar Es Salaam (UDBS) in Tanzania, africa. The partnership is made possible through Goldman Sachs' 10,000 Women program. Professors Murray Low, Eric Abrahamson and Gita Johar spent last summer working in Tanzania to teach students and UDBS faculty members. The goal of their work was twofold: to prepare local students to earn a cobranded advanced certificate in entrepreneurship and business management, and to facilitate UDBS faculty members in learning interactive case method teaching. The School is also helping to establish a PhD program at the african university. Columbia Business School community forums offer students the opportunity to discuss timely issues with faculty experts and distinguished guests. Recent topics include the impact of behavioral economics on business and policy, and the government's response to the financial crisis.
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Added: 644 days ago
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Ted Kennedy has been eulogized as a "liberal lion" of the U.S. Senate, but he also had a major voice...
Ted Kennedy has been eulogized as a "liberal lion" of the U.S. Senate, but he also had a major voice in foreign policy too. As Michelle Miller reports, there is a lesser known chapter in his career in South africa.
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Added: 568 days ago
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