Arab Finance: The Egyptian B2B e-commerce startup MaxAB and Kenya-based e-commerce platform Wasoko are set to complete their merger within the coming weeks after finalizing the required procedures, sources in the know told Al Mal News.
Upon the merger, a new entity will be formed with an anticipated annual operational volume of $500 million.
In December 2023, the two firms inked preliminary merger terms, aiming to create a powerhouse in the digital retail sector across the continent.