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HomeDaily NewsFriday, June 13, 2025Glovo and Stanchart Drive Job Creation and Investment in Kenya
Business & Economy2 stories from 1 sources

Glovo and Stanchart Drive Job Creation and Investment in Kenya

Glovo commits to a Sh2bn initiative for job creation and digital economy growth, while Stanchart champions global investment for wealthy Kenyans on June 13, 2025.

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Friday 4:33 PMCapital Business

Glovo’s Sh2bn pact to create youth jobs, grow digital economy

Glovo’s Sh2bn pact to create youth jobs, grow digital economy

Global tech platform Glovo has signed a Memorandum of Cooperation with Kenya’s Ministry of Labour and Social Protection to enhance the platform economy and create youth jobs in Kenya.

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Key Highlights

Global tech platform Glovo has signed a Memorandum of Cooperation with Kenya’s Ministry of Labour and Social Protection to enhance the platform economy and create youth jobs in Kenya.

  • Glovo will invest Sh2 billion by 2027, aiming for a 50% increase in employment.
  • The agreement was announced by Dr. Alfred Mutua, Labour Cabinet Secretary, and Oscar Pierre, Glovo Co-Founder and CEO.
  • Plans include creating 1,200 new youth jobs and generating over 10,000 indirect jobs through its Glovo Access program.
Friday 4:10 PMCapital BusinessFirst

Stanchart champions global investment for Kenya’s wealthy

Stanchart champions global investment for Kenya’s wealthy

Standard Chartered Bank has announced its commitment to support Kenya's wealthy through global investment strategies at the 2025 Nairobi Private Wealth Conference.

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Key Highlights

Standard Chartered Bank has announced its commitment to support Kenya's wealthy through global investment strategies at the 2025 Nairobi Private Wealth Conference.

  • USD 2.5 trillion in total investable wealth is represented by over 135,000 millionaires in Africa.
  • Kariuki Ngari, CEO of Standard Chartered Kenya, emphasized the shift towards purpose-driven investment.
  • The bank's global campaign, “Now’s Your Time for Wealth,” encourages intentional planning and investment in sustainable and impactful ventures.
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