Kenyan car and hotels firm Simba Corp eyes Ethiopia

Kenyan vehicles dealer and hotels operator Simba Corp will expand into Ethiopia if the government opens up the foreign exchange market. [Courtesy]

Kenyan new vehicles dealer and hotels operator Simba Corp, is looking to expand into neighbouring Ethiopia if the Addis government opens up the foreign exchange market, its CEO said on Thursday.

Kenyan businesses, from telecoms to banking to farming, are trying to position themselves to take advantage of a wave of political and economic liberalisation unleashed in the last three months by new Ethiopian Prime Minister Abiy Ahmed.