Africa Bitcoin Corporation Appoints New Board Chair and Strengthens Governance for Bitcoin Growth in Africa
Africa Bitcoin Corporation (JSE: BAC) has announced a major board restructuring that reinforces its commitment to strong governance and accelerates Bitcoin adoption across the continent.
The company made the changes today to support its rapid growth as the world’s first Bitcoin-backed SME growth accelerator.
Executives say the moves will enhance accountability, financial oversight, and strategic leadership while keeping the focus on building Africa’s Bitcoin future.
New Leadership Takes the Helm
Ms Norma Sephuma, who previously served as Lead Independent Director, now chairs the Board. Her appointment signals the company’s dedication to independent oversight at the highest level.
At the same time, Mr Stafford Masie steps down as Board Chair but continues as Executive Director. He will now serve on the Social and ethics Committee. Ensuring his deep knowledge of African markets remains central to the company’s operations.
Chief Executive Officer Mr Wheatley Warren has also stepped down from the Social and Ethics Committee. To concentrate on driving day-to-day strategy and Bitcoin initiatives.
Robin Coode Brings 30 Years of Finance Expertise
The board welcomes Mr Robin Coode as Independent Non-Executive Director. He will chair the Audit and Risk Committee and join the Nomination and Remuneration Committee.
A Chartered Accountant (CA(SA)) with more than 30 years’ experience, Coode previously held senior roles at JSE- and NYSE-listed Telkom SA. Including Group Treasurer, Financial Controller, and Chief Investment Officer. In 2024 he joined the board of Batseta, the Council of Retirement Funds of South Africa.
His proven track record in financial governance and institutional investment adds significant depth to Africa Bitcoin Corporation’s leadership.
Building a Solid Foundation for Bitcoin in Africa
Africa Bitcoin Corporation stated that these changes form part of a deliberate strategy to create the governance infrastructure needed for long-term success.
The company continues to lead Bitcoin adoption initiatives that empower African SMEs, investors, and communities.
With its listings on the JSE, NSX, OTCQB, and Börse Frankfurt, the firm is positioning itself as a trusted bridge between global capital and Africa’s growing Bitcoin economy. Full details of the board update are available in the company’s SENS announcement.
Africa Bitcoin Corporation is building the governance infrastructure required to go the distance — for its shareholders, its partners, and for Africa.