MaxAB is a leading B2B e-commerce platform in Egypt, focusing on logistics and supply chain solutions for informal retailers.
African Tech M&A Activity Rose 34% in 2024: What to Expect
M&A activity surged by 34% in Africa's tech sector in 2024, with 39 deals recorded. Venture capital funding dropped by 22.73% to $2.21 billion, pushing startups towards M&A.
86% of African CEOs eye acquisitions as AI reshapes corporate strategy
86% of African CEOs plan to pursue mergers and acquisitions within the next three years, indicating a strong shift towards consolidation and technology-driven growth. Confidence in domestic economies has risen to 63%, reflecting cautious optimism among African business leaders.
Wasoko Founder Daniel Yu Steps Down as CEO After 11 Years, Marking Key Leadership Transition Following MaxAB Merger
Daniel Yu announced his departure as CEO of Wasoko via LinkedIn. Wasoko merged with Egypt-based MaxAB in August 2024, creating a large B2B retail platform.
Wasoko founder Daniel Yu steps down as CEO after 11 years
Daniel Yu announced his departure as CEO of Wasoko after 11 years, marking a significant leadership change. Belal El-Megharbel, co-founder of MaxAB, has assumed the role of CEO following Yu's exit.
Wasoko co-founder Daniel Yu steps down one year after MaxAB merger
Daniel Yu is leaving his full-time role at Wasoko after over 11 years. Wasoko merged with Egypt's MaxAB in an all-stock deal, creating a regional leader in B2B supply chains.
