Summary:
- Wasoko, a Kenyan B2B e-commerce platform, and Maxab, an Egyptian B2B e-commerce platform, have announced a merger, creating one of the largest tech companies in Africa.
- The combined entity will operate across 10 countries in Africa, serving over 150,000 merchants and processing billions of dollars in transactions annually.
- The merger aims to accelerate the growth and expansion of the two companies, leveraging their complementary strengths and expertise to better serve the African market.