Carrefour has announced a franchise and supply partnership with Queens Supermarket PLC, a subsidiary of Midroc Investment Group, to roll out Carrefour retail banners, systems, and product ranges in Ethiopia. Under the agreement, Carrefour will support Midroc teams in converting the existing store network to the Carrefour format and implementing an expansion programme. Patrick Lasfargues, CEO of Carrefour International Partnership, said, "We are delighted to initiate this collaboration with a leading retail player in Ethiopia. Beyond the rapid transformation of the 13 existing stores, the Midroc and Carrefour International Partnership teams are already working hand-in-hand on the future growth of our activities in the country: by 2028, we project the opening of 17 additional stores." From the local partner side, Jemal Ahmed, CEO of Midroc Investment Group, said, "I am very proud to announce, along with the entire Midroc team, our integration into Carrefour's international franchise network."

Source: Ethiopian News January 06, 2026 13:13 UTC