Wasoko co-founder Daniel Yu steps down one year after MaxAB merger
- Daniel Yu is leaving his full-time role at Wasoko after over 11 years.
- Wasoko merged with Egypt's MaxAB in an all-stock deal, creating a regional leader in B2B supply chains.
- Yu will remain an adviser but will not manage day-to-day operations.
Tech In Africa - Sep 22, 2025
Wasoko Founder Daniel Yu Steps Down as CEO After 11 Years, Marking Key Leadership Transition Following MaxAB Merger
Daniel Yu, founder of Wasoko, has stepped down as CEO after 11 years, marking a significant leadersh
The transition of leadership at Wasoko following its merger with MaxAB reflects both the challenges and opportunities in the African retail-tech landscape. While restructuring can be painful, it may ultimately lead to a more robust and competitive entity in the market. The focus on consolidating operations and expanding reach is crucial for future growth, but the impact of recent layoffs and office closures should be monitored closely.
