Fri, 08-May 2026

Search news articles
  • Home
  • AllAgricultureBankingAviationEnergyManufacturingTechnologyStartups
  • Geopolitics
  • Kenya Business NewsAfrican Business NewsGlobal News
  • Press Releases
  • Shows
  • Reports
  • Best Places to Work 2026
Subscribe
Events
Subscribe
  • Home
  • AllAgricultureBankingAviationEnergyManufacturingTechnologyStartups
  • Geopolitics

    Contact Us

    Media Queries & Partnerships:[email protected]

    About Us

    We are a leading integrated digital content platform providing in-depth business and financial news across Sub-Saharan Africa & the globe.

    Disclaimer

    The information contained in this website is for general information purposes only.
    © 2026 Wallstreet Africa Technologies LTD.. All Rights Reserved.
    1.0.32

    Glovo Opens New Nairobi Headquarters, Commits KSh 10 Billion Investment by 2030

    Brand
    By Brand Partnerships
    - May 08, 2026
    - May 08, 2026
    Kenya Business newsTransport, Logistics & WarehousingBriefsBriefs & Press Releases
    Glovo Opens New Nairobi Headquarters, Commits KSh 10 Billion Investment by 2030
    • •New corporate office marks a strategic milestone as Glovo reports record growth in Kenya, 40% year-on-year order increase ,and doubles down on its role as a cornerstone of the country's digital economy

    NAIROBI, Kenya, 8th May 2026 — Glovo, a leading multi-category technology platform operating across Europe, Central Asia and Africa, has officially inaugurated its new corporate headquarters in Nairobi, a landmark investment that signals the company’s deepening commitment to Kenya’s digital economy. The launch, held in Nairobi, was graced by Cabinet Secretary for Investment, Trade and Industry, Hon. Lee Kinyanjui, as Chief Guest, underscoring the strategic importance of the occasion at the highest levels of government.

    The inauguration coincides with a significant announcement: looking to 2030, Glovo will invest an additional KSh 10 billion in Kenya, reinforcing its long-term confidence in the country as one of its most dynamic and fastest-growing markets globally. This commitment builds on Glovo’s track record of impact, having generated over KSh 20 billion for local businesses since entering the market in 2019, 80% of which has flowed to small and medium-sized businesses (SMBs).

    The new headquarters comes on the back of an extraordinary year for Kenya’s on-demand sector. Glovo recorded a 40% year-on-year increase in orders by the end of 2025, an all-time high that reflects the surging appetite for digital commerce across the country. Today, Glovo is present in 12 cities and towns, supporting over 6,000 merchants and 2,200 active riders daily. The new Nairobi office is home to over 600 young Kenyans, and forms part of Glovo’s African digital hub, a centre of excellence for talent, technology and operations that serves the broader continent.

    Delivering the keynote address, Cabinet Secretary Hon. Lee Kinyanjui affirmed the government’s support for digital investment in Kenya:

    “This investment is a strong vote of confidence in Kenya’s growing digital economy, the innovation of our young people, and Nairobi’s position as a leading technology and business hub on the continent. Digital platforms are changing how economies function — lowering traditional barriers to entry and enabling even small enterprises to access formal and scalable markets. In Kenya, this transformation is already delivering measurable economic value.”

    CS Lee Kinyanjui highlighted the broader economic significance of Glovo’s presence, noting the platform’s contribution to the 15.6% growth in Kenya’s Accommodation and Food Service sector and 4.8% growth in the ICT sector, as captured in the 2026 Economic Survey Report. He also noted that 75% of Glovo’s economic impact flows directly to local businesses, reinforcing the government’s Bottom-Up Economic Transformation Agenda (BETA).

    On his part, Sacha Michaud, Co-founder and Vice-President of Global Affairs at Glovo, spoke about the scale and depth of the company’s footprint in Kenya. “Throughout 12 cities, thousands of local merchants have digitized their storefronts with Glovo, while thousands of riders navigate the streets of Nairobi, Mombasa and Nakuru every day. Over 600 young people work in this office and throughout our African digital hub, based here in this country. In the next two years, we will double this to 1,200.”

    Caroline Mutuku, MD, Glovo Kenya, spoke to the significance of the new space in Glovo’s growth journey. “The opening of our new office reflects both the incredible growth we have seen and our long-term commitment to investing in local talent, technology, and partnerships that drive real impact. We are building a stronger ecosystem for partners, creating opportunities for young Kenyans, and delivering even greater convenience for customers across the country.”

    The event drew significant representation from government and diplomatic circles, reflecting the broad national and international interest in Kenya’s digital economy. Joining CS Kinyanjui were Hon. Allan Chesang, Chair of Senate’s ICT Committee, Mr. Alphonce Kanunga, Secretary for Telecommunications and Postal Services, Hon. Mercy Wanjau, Secretary to the Cabinet, Mr. John Mwendwa, CEO of Invest Kenya, Ambassador Philip Thigo, Special Envoy on Technology for H.E the President of the Republic of Kenya and the Spanish Ambassador to Kenya, H.E Jaime Moreno Bau. Their presence underscored the strategic importance of Glovo’s expansion to both Kenya’s economic agenda and its international trade and investment partnerships.

    As Kenya cements its status as Africa’s Silicon Savannah, with a GDP of approximately KSh 17.5 trillion and a tech-savvy, youthful population, Glovo’s KSh 10 billion investment pledge positions the platform as a long-term partner in the country’s digital transformation story. With between 80 and 90 percent of platform participants being young people, Glovo’s model directly supports income generation, enterprise development, and the expansion of digital opportunity beyond Nairobi into secondary cities such as Nakuru and Mombasa.

    Looking to 2030, Glovo remains committed to building the largest digital marketplace in Kenya, together with its partners, merchants, riders, and customers and to powering a “yellow future” that is inclusive, innovative, and deeply rooted in local opportunity.

    About Glovo

    Glovo is a leading technological platform connecting customers, businesses, and riders, offering multicategory on-demand services from local restaurants, grocers and supermarkets, and high street retail stores. As a frontrunner in Quick Commerce, the next generation of e-commerce, Glovo’s vision is to build the largest online marketplace to give everyone access to anything in their city within minutes. Founded in 2015 in Barcelona, it operates across 23 countries in Europe, Central Asia, and Africa. For more information about Glovo, please visit:

    https://about.glovoapp.com/

    The Kenyan Wall Street

    We are a leading integrated digital content platform providing in-depth business and financial news across Africa & the globeSubscribe
    Loading...
    Loading...
    Loading...
    Loading...
    Loading...
    Loading...
    Loading...
    Loading...
    Loading...
    Loading...
    Loading...
    Loading...
    Loading...
    Loading...
    Loading...
    Loading...
    Loading...
    Loading...
    Loading...
    Loading...

    Your edge in markets, powered by AI

    Explore cutting-edge insights with our AI assistant, delivering real-time analysis, personalized news, and in-depth answers at your fingertips.

    Sign Up

    Show me today’s top trades

    Explain the market in simple terms

    What’s my next smart move?

    Report Issue

    Wall Street Africa Business Intelligence

    Access exclusive news, expert analysis, and tools designed to give investors an edge.

    Fixed Income

    Real-time bond pricing with instant calculations, auction data, yield curves, and trend analysis for Africa’s fixed-income markets.

    Local and Global Insights

    Unique perspective with a blend of local and global news and analysis, tailored for African investors.

    Real-Time Economic Indicators

    Monitor inflation, currency movements, and other key economic indicators for African countries.

    Interactive Data for Local Markets

    Visualize trends and compare markets across Africa with interactive charts and tools.
    Wallstreet Africa
    Wallstreet Africa
    Wallstreet Africa