Wasoko Makes Strategic Moves: Exits Zanzibar, Pauses Uganda and Zambia Operations Amid Profitability Drive

Wasoko Makes Strategic Moves: Exits Zanzibar, Pauses Uganda and Zambia Operations Amid Profitability Drive

#business
#markets
#e-commerce
#markets
#consumer markets
Discover the behind-the-scenes restructuring at Wasoko as it navigates mergers and market dynamics, affecting operations in Zanzibar, Uganda, and Zambia.

In an exclusive report, Wasoko, the Kenyan e-commerce startup, revealed its strategic moves, including shutting down its Zanzibar office and pausing operations in Uganda and Zambia, weeks before finalizing a merger with MaxAB. Despite these adjustments, Wasoko aims to continue as a private sector ambassador for the Silicon Zanzibar initiative, highlighting its commitment to supporting tech talent initiatives. However, the company faces challenges with layoffs and executive departures, as it undergoes significant restructuring in response to the merger.


Read more on TechCabal

Top comments(0)

SEND
Home
Stories
Community
Podcasts