Ethiopia’s richest man Mohammed Al-Amoudi brings Carrefour into Ethiopia

Billionaires Africa | 08.01.2026 04:17
Ethiopia’s richest man, Mohammed Al-Amoudi, is bringing a global retail name into one of Africa’s most closely watched consumer markets. Through Midroc Investment Group, Al-Amoudi has reached an agreement with French retail giant Carrefour to enter Ethiopia by converting 13 outlets in Midroc’s Queens Supermarket chain.