Daniel Yu, Founder of Kenyan B2B e-commerce startup Wasoko and Co-CEO of MaxAB-Wasoko following last years merger, is stepping aside. Yu has transitioned out of his full-time role at the company, according to a LinkedIn post he published on Thursday. The move comes one year after Wasoko completed its landmark all-stock merger with Egypt-based MaxAB , creating one of Africa's largest B2B retail platforms .
Yu, who founded Wasoko in 2013 originally as Sokowatch, stated he will remain with the company as an adviser but will no longer be involved in day-to-day operations. He will be relocating to India and focusing on personal projects, including his role as board chair of Malengo, a non-profit supporting international education .
MaxAB co-founder Belal El-Megharbel will continue as sole CEO of the combined entity, which is headquartered in Cairo and operates across five African markets: Egypt, Morocco, Kenya, Tanzania, and Rwanda .
