Hungarian Prime Minister Viktor Orban on Thursday imposed mandatory price cuts on some basic food items by large retailers as his nationalist government tries to tame the European Union's highest inflation rate from levels exceeding 20%.
By Reuters Staff
2 Min Read
ABIDJAN, Dec 17 (Reuters) - French distribution group CFAO opened its first shopping mall in Africa on Friday, a $66 million centre in Ivory Coast’s commercial capital Abidjan, as part of a major drive to tap into the growth of Africa’s middle classes.
The mall, a collaboration with French retailer Carrefour , is the first of 80 that CFAO plans to open in eight countries in West and Central Africa in the next decade.
CFAO, which stands for Comptoir Francais de l’Afrique de l’Ouest, is active in the vehicle, pharmaceutical and computer sectors and is 97 percent owned by Japanese company Toyota Tsusho Corp.