Botswana-based businessman Jonathan Gibson recently joined the ranks of successful businessmen, as his stake in Chobe Holdings surged by more than $2 million in less than a month on the Botswana Stock Exchange.
Data gathered by Billionaires.Africa revealed that Gibson’s stake in Chobe Holdings has increased by BWP36.29 million ($2.03 million) since July 21 as investors continue to increase their stakes in the Gaborone-based tourism firm.
Chobe Holdings Limited operates 12 ecotourism lodges and camps on leased land in Northern Botswana and the Caprivi Strip in Namibia under the Desert & Delta Safari brands, Chobe Game Lodge, Ker & Downey Botswana, and Sedia Riverside Hotel.
It also controls Safari Air, a wholly-owned air charter operator providing air transport services to the group’s camps and lodges, as well as North West Air Proprietary Limited, a wholly-owned air maintenance operation that provides maintenance services to the group’s aircraft and third parties.
Gibson, the deputy chairman and CEO of Chobe Holdings, who ranks as one of the richest investors on the Botswana Stock Exchange, holds 31,830,406 ordinary shares in the group.
Since the start of the year, the share price of Chobe Holdings has increased by 11.39 percent, from BWP10.01 ($0.7364) on July 21 to BWP20.00 ($1.4714) at the time of writing, thus leading to gains amounting to millions of dollars for its shareholders, including Gibson.
As a result of the double-digit percent bump in the group’s share price, the market value of the stake held by Gibson has increased by BWP36.29 million ($2.03 million) in the past 26 days ago from BWP 318.63 million ($17.85 million) on July 21 to BWP354.92 million ($19.88 million) at the time of writing.
