Daniel Yu Resigns as Wasoko CEO After Over a Decade
After 11 years at the helm, Daniel Yu has stepped down from his position as CEO of Wasoko, a prominent pan-African B2B eCommerce platform. Yu, who founded the company, announced his departure via LinkedIn, reflecting on Wasoko’s impressive growth from its humble beginnings in Dar es Salaam to a significant network connecting suppliers with small shops and retailers throughout Africa. The leadership transition marks a significant turning point for the company.
What’s Next for Wasoko?
While stepping down as CEO, Yu will remain involved with Wasoko as an advisor and board member. This ensures his continued guidance and input on key strategic decisions. Belal El-Megharbel, previously co-founder of MaxAB, the Egyptian company that merged with Wasoko last year, has assumed the role of CEO.
Yu’s departure and El-Megharbel’s appointment represent a new chapter for Wasoko. The company is positioned to build upon its existing foundation and further expand its impact on the African retail landscape.
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