Botswana-based businessman Jonathan Gibson has joined the league of African businessmen who have recorded impressive gains in their equity holdings this year.
His stake in Chobe Holdings, a Gaborone-based tourism firm, has increased by $5.23 million since the start of the year, solidifying his position as one of the wealthiest investors on the local stock exchange.
According to data tracked by Billionaires.Africa, Gibson, Chobe’s deputy chairman and CEO, holds a substantial 35.59-percent interest in Chobe Holdings, totaling 31,830,977 ordinary shares.
The market value of his stake has skyrocketed from BWP251.78 million ($18.90 million) at the beginning of the year to BWP321.94 million ($24.13 million) at the time of writing.
This impressive increase of BWP 69.71 million ($5.23 million) demonstrates his successful investment strategy and highlights his strong position in the market.
The surge in Chobe Holdings’ shares on the Botswana Stock Exchange has contributed to Gibson’s gains, with share prices rising by more than 27 percent since the start of the year.
Chobe Holdings operates 12 ecotourism resorts and camps in northern Botswana and Namibia, making it a prominent player in the regional tourism industry. With a market capitalization of nearly BWP900 million ($195 million), Chobe Holdings ranks as the 20th most valuable company on the Botswana Stock Exchange.
The company boasts leading brands and subsidiaries, including Safari Air, a charter operator providing air transport services, and North West Air Proprietary Limited. This diversified portfolio contributes to the company’s success and positions it as a key player in the tourism sector.
As Gibson continues to capitalize on the growth of Chobe Holdings and the overall positive performance of the local stock exchange, his remarkable gains highlight the potential for lucrative investments in Botswana’s thriving business landscape.
