The merger

The Kenyan E -Commerce Company “Wasoko” and its Egyptian counterpart “Makaab” (Maxab “has completed a merger in shares, to create a company needed to sell essentials to more than 450,000 traders in eight Africa countries. Integrated company will have the largest network in Africa of informal retailers linked to more than 65 million consumers, according to Daniel Yu’s statements, CEO of “Wasuko”, and the head of the “profit” of Bilal Al -Maghrib, in an interview. in the future for public subscription will be offered, although this option is not on the horizon soon. In a complex, the “Maka” and “Wasuko” businesses together raised $ 230 million to investors. The company expects its revenue to double by the end of the year.