Entrepreneurship in Africa Master Class: Meet the Entrepreneurs - Aéroport International Kilimandjaro Kilimanjaro, Tanzania, East Africa par Columbia Business School

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 ...