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MaxAB and Wasoko Merger Set to Create Africa's E-commerce Powerhouse with Record-Breaking Deal šŸ¤šŸ» šŸŒšŸ’¼

MaxAB and Wasoko Merger Set to Create Africa's E-commerce Powerhouse with Record-Breaking Deal šŸ¤šŸ» šŸŒšŸ’¼

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#retail
#e-commerce
#retail-tech
#b2b
Two major players in Africa's B2B e-commerce, MaxAB and Wasoko, are gearing up for a groundbreaking merger, positioning themselves to lead the continent's market. With talks in the early stages, the deal is anticipated to be finalized in Q1 2024, creating a united force with unparalleled financial strength and market dominance. šŸŒšŸ’ŖšŸ¾

MaxAB and Wasoko, leaders in Africa's B2B e-commerce, are set to merge, aiming to become the region's clear industry leader. While still in preliminary stages, the deal is expected to be the largest private tech deal in Africa, providing the combined entity with substantial financial resources. The merger comes amidst challenges in the B2B e-commerce space, with both companies denying struggles, emphasizing the strategic nature of the deal. šŸ¤šŸ»šŸ’¼


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