Wasoko and MaxAB Complete Landmark Merger

Wasoko and MaxAB have successfully completed Africa's largest tech merger, creating a major Pan-African B2B e-commerce platform that connects over 450,000 informal retailers across five countries. The merger, finalized after eight months of negotiations and regulatory complexities, allows both companies to leverage their combined strengths in a market valued at $600 billion. The new entity, which has yet to be renamed, will operate independently under co-CEOs Daniel Yu and Belal El-Megharbel, and aims to enhance operational capabilities through a unified technology stack. With significant fintech operations now outpacing traditional e-commerce, the merged company has already generated substantial revenue and provided credit financing to retailers. This deal underscores a trend towards consolidation in the African e-commerce landscape as companies adapt to challenging economic conditions. The merger exemplifies the resilience and growth potential of Africa's digital economy as it seeks to better serve its burgeoning informal retail sector.