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COMESA launches inquiry into Wasoko–MaxAB merger amid concerns over market competition - Innovation Village | Technology, Product Reviews, Business
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COMESA launches inquiry into Wasoko–MaxAB merger amid concerns over market competition - Innovation Village | Technology, Product Reviews, Business
The COMESA Competition Commission (CCC), the regional watchdog overseeing fair trade across Eastern and Southern Africa, has initiated a formal inquiry into the merger between Kenya’s Wasoko and Egypt’s MaxAB B.V. This merger, finalized in August 2024 through an all-stock transaction, created one of Africa’s largest digital commerce and fintech platforms, now serving over 450,000 merchants and reaching an estimated 65 million consumers across Ke…
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