Glovo has generated ₦71 billion ($42M) in revenue for 6,000+ Nigerian vendors since 2021, expanding its reach across 11 cities with 2,400 riders earning above minimum wage 💼📦. The platform reported a 76% GMV surge in 2024 as it diversified into electronics, beauty, and pharma, with digital payments rising and cash use dropping from 88% to 39% 📊💳. Glovo's Yellow Effect Report revealed €1B in economic impact for 45,000 African SMEs, spotlighting its role in scaling businesses through logistics and tech-enabled tools 🌍📈. The AfDB is launching an initiative to help African governments regulate carbon trading and build infrastructure to boost credit supply and demand 🌍💨. Embedding carbon credits into stock exchanges could raise prices significantly, shifting them from voluntary to higher-paying compliance markets 📈💵. With Africa receiving just 1% of global climate finance despite severe climate impacts, the move aims to unlock new revenue streams and support green growth across the continent 🌱🌪️. Sycamore, a Nigerian digital lender, is raising ₦1 billion to complete a ₦2.5B ($1.5M) debt round aimed at expanding its loan book amid rising credit demand 💰📈. The company has disbursed $5.5M in loans and earned $1.5M revenue in 2024, serving 300,000 users with plans to support 10,000+ more businesses 👥🏦. By raising local currency debt—10% cheaper than market rates—Sycamore avoids forex risks and joins a growing trend of Nigerian startups using debt to scale sustainably 🔁📉. Kenya’s inflation fell to 3.8% 📉 in May, down from 4.1% in April, staying within the central bank's 2.5%–7.5% target range 🎯. Month-on-month inflation rose slightly to 0.5%, driven by a 6.3% increase in food and beverage prices 🍽️ and a 2.3% rise in transport. The central bank, having cut interest rates to 10% in April, will announce its next rate decision on June 10.