Uber is set to acquire Glovo's parent company, Delivery Hero, in a deal valued at approximately €13.0 billion (roughly $14.8 billion). This acquisition means Uber will own both Glovo and Uber Eats in Kenya.

• Uber is acquiring Delivery Hero's operations in 50 markets, including Kenya.
• The deal, announced on 16 July 2026, is expected to close in the second half of 2027 pending regulatory approval.
• In Kenya, Glovo is the largest food and grocery delivery app, while Uber Eats also operates, making this a significant consolidation for the Kenyan market.

Stanbic Bank Kenya has appointed Michael Mutiga as its new chief executive officer, succeeding Abraham Ongenge who has been acting CEO.

• Mutiga, formerly Chief Business Development and Strategy Officer at Safaricom, will officially take over on August 1, 2026, pending regulatory approval.
• He brings extensive experience from a 15-year tenure at Citibank and previous roles at Barclays (now Absa).
• Mutiga's background in both banking and the telecommunications sector reflects the evolving landscape of financial services in Kenya, with Stanbic looking to leverage his expertise in digital finance and strategic partnerships.