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Glovo to invest $60 million in Africa

Glovo is planning to aggressively scale up its operations in Africa by launching in Tunisia and Ghana which will expand its coverage to 7 countries on the continent. Glovo has already invested approximately US $30 million in Africa to date and plans to invest another US $60 million during the next 12 months.

Glovo is currently operational in Morocco, Uganda, Kenya, Ghana, Côte d’Ivoire, and Nigeria covering 40 cities, 300,000 users, 8,000 restaurants, and 12,000 couriers.

Glovo is also scaling up its Quick Commerce offerings which enable customers to order products from supermarkets and neighborhood stores. 

In Uganda, Glovo has launched ‘Glovo Market’, its first Micro Fulfilment Centre (MFC) in June 2021 to reduce order-delivery time to 30 minutes, down from a previous average delivery time of 45 minutes. Glovo plans to reduce this further to around 20 minutes and will launch more MFCs as there is still unmet demand at a much larger scale as consumers continue to shop for groceries online in Uganda.

Glovo has also signed on Carrefour, Fraine and Kalerwe Supermarkets in Uganda to serve customer needs across the board. Groceries in particular have become a major driver of Glovo’s customer orders to date, especially during the COVID-19 pandemic. Glovo claims that it currently controls more than 50% of online grocery deliveries in Uganda.

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