Africa Bitcoin Corporation Limited (ABC), the holding company of Africa Credit Opportunities Fund (ACOF), has announced a secondary listing of its ordinary shares and Class C preferred shares on the Namibia Securities Exchange (NSX), together with a capital raise of up to N$20 million.
ABC said the capital raise would be conducted through the allotment and issue of up to 5,882,353 Class C shares at 3.40 per share.
The offer will open on Thursday, 2 October and close on Thursday, 23 October 2025.
According to ABC, the proceeds from the capital raise will be invested in ACOF through the subscription of additional ordinary shares in the fund on a one-to-one basis.
The company stated that the funds will be directed primarily towards financing the growth of small and medium enterprises (SMEs) in South Africa and Namibia, in line with ACOF’s mandate to provide flexible, impact-driven lending solutions.
ABC added that a portion of the proceeds will also be applied to strengthening ACOF’s balance sheet and improving its debt-to-equity ratio, thereby creating further capacity to raise debt funding in support of its objectives.
“The capital raise will therefore enhance ACOF’s ability to expand its reach, scale its operations, and further its impact across the region,” ABC said.
