The RSA-based Africa Bitcoin Corporation (ABC) has announced plans to expand its flagship Altvest Credit Opportunities Fund (ACOF) into Namibia in 2026. This move is part of a long-term strategy to scale the business across the continent.
The company, whose shares are traded on the local NSX, is already conducting roadshows for investors in Namibia and Botswana. In the medium term, the group also intends to establish a presence in the eastern corner of Africa, with priority areas including Kenya and Uganda.
Benefits of the New Region: Regulatory Environment
The company’s entry into Namibia is driven by growing interest in private lending and alternative financial contributions to the region. Nevertheless, the management is mindful of the local industry’s specifics: state regulators maintain a conservative approach to digital currencies and Bitcoin-related investment products.
Despite market volatility, the ABC continues to pursue a strategy of accumulating BTC as its primary reserve asset. The company emphasises that the crypto segment has historically recovered from protracted downturns. Also, institutions that maintain operational discipline during periods of decline reap long-term benefits.
Promising Products and Financial Strategies
Amid economic instability, the corporation plans to use its existing digital coin reserves as collateral to secure more affordable funding. This position also enables it to avoid an outright sale of assets during weaker periods.
Supporting business diversification, new financial tools are being developed:
- the Bitcoin Yield Generator solution;
- lending to SMEs backed by BTC tokens;
- attracting institutional clients to a credit platform.
These initiatives are designed to create new sources of income. They are needed to reduce dependence on the ACOF as the major channel of fee earnings.
As part of optimising the listing structure, the company is taking the following steps:
- transferring shares from the AltX to the JSE’s Main Board;
- preparing to list on the UK-regulated Aquis Growth Exchange;
- pursuing a long-term goal of entering one of the leading US stocks.
Financial Performance of the ABC: Key Figures
According to the corporation’s annual report, central metrics demonstrate mixed results:
- Total revenues surged to N$8.6 million (from N$7.5 million in the previous FY).
- Other operating gains skyrocketed to N$7.8 million from N$88,035.
- Profits attributable to ordinary shareholders decreased from N$47.9 million to N$16.9 million.
- Basic EPS and HEPS declined to N$0.51 and N$0.57, respectively (from N$1.54 and N$1.57).
- NAVPS climbed to N$4.30 from N$3.82.
The ABS’s representatives stated that no dividend has been declared/proposed at the end of the FY.
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