Carrefour
Carrefour is set to enter Ethiopia, marking a notable step in the country’s gradual opening of previously restricted economic sectors. The French retail giant will partner with Queens Supermarket, a subsidiary of Saudi-Ethiopian billionaire Mohammed Hussein Al Amoudi’s Midroc Investment Group, to rebrand 13 existing stores by June. Plans are already underway to expand further, with 17 additional outlets expected to be operational by 2028. The move reflects Prime Minister Abiy Ahmed’s broader push to liberalize Ethiopia’s economy, following reforms in banking and telecommunications. Analysts say Carrefour’s arrival could modernize retail standards, widen consumer choice, and integrate local producers into global supply chains. For Ethiopia’s 130 million consumers, the deal signifies both increased competition and a more interconnected marketplace.
African Business