Food delivery platform Glovo has announced plans to invest 10 billion shillings in Kenya by the year 2030 in an expansion drive that is expected to double the workforce to 1,200.
Glovo Kenya Managing Director Caroline Mutuku says the new investment will support technology, operations and expansion to more towns in Kenya.
“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,” said Mutuku.
Currently, the firm which has operations in 12 towns employs over 600 people, supports over 6,000 merchants and 2,200 active riders daily.
Trade Cabinet Secretary Lee Kinyanjui lauded the firm for its role in helping grow the country’s Accommodation and Food Service sector by 15.6pc and ICT sector by 4.8pc as shown in the data by the Kenya National bureau of Statistics.
He also noted that 75pc of Glovo’s economic impact flows directly to local businesses, reinforcing the government’s Bottom-Up Economic Transformation Agenda (BETA).
“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,” he added when he officiated the opening of Glovo’s new regional headquarters in Nairobi.
Expansion of digital platforms and technology-driven businesses is also supporting the growth of the ICT sector, accommodation and food services.
“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,” added Sacha Michaud, Glovo Co-founder and Vice-President of Global Affairs.
According to the firm, last year alone, it contributed Ksh 9 billion to the local economy and generated at least Ksh 20 billion for local businesses since entering the market in 2019, 80pc of which has flowed to small and medium-sized businesses (SMBs).
