Table of Contents
Key Points
- Gibson’s 25% stake in Chobe Holdings surged by BWP57.31 million ($3.29 million), driven by a 16.9% year-to-date share price increase.
- Chobe Holdings operates 12 ecotourism lodges across Botswana and Namibia and owns Safari Air, a charter airline serving its camps.
- Chobe’s market capitalization has exceeded $110 million, delivering solid returns to investors, with a $100,000 investment now worth $112,988.
Botswana-based businessman Jonathan Gibson has experienced a significant rise in the market value of his stake in Chobe Holdings, driven by a sustained surge in the share price of the Gaborone-based tourism group. This underscores the increasing investor interest in the tourism group listed on the Botswana Stock Exchange (BSE).
As the deputy chairman of Chobe Holdings, Gibson owns a 25 percent stake in the company, equivalent to 22,830,977 shares. Since Jan. 1, his investment has gained BWP57.31 million ($3.29 million) in value, thanks to the double-digit growth in the company’s share price. This impressive performance has solidified Gibson’s position among the wealthiest investors on the BSE.
Jonathan Gibson’s stake rises $3.29 million
Chobe Holdings operates a network of 12 ecotourism lodges and camps across Northern Botswana and the Caprivi Strip in Namibia, marketed under renowned brands such as Desert & Delta Safaris, Chobe Game Lodge, Ker & Downey Botswana, and Sedia Riverside Hotel.
Complementing its hospitality ventures, the company also owns Safari Air, a charter airline serving its camps and lodges, as well as North West Air Proprietary Limited, which provides aircraft maintenance services.
The company’s shares have risen 16.9 percent year-to-date, climbing from BWP14.85 ($1.073) on Jan. 1 to BWP17.36 ($1.254). This surge has pushed its market capitalization above $110 million, delivering substantial returns to its shareholders. Gibson’s stake alone has increased from BWP339.04 million ($25.33 million) at the start of the year to BWP396.35 million ($28.62 million).
Chobe shares up 16.9 percent
Chobe Holdings’ performance highlights its spot as one of the most valuable and actively traded stocks on the BSE.
While local shareholders have reaped the full benefit of the 16.9 percent share price uptick, foreign investors saw their returns pared to 12.99 percent due to currency devaluation.
Still, the company remains a lucrative investment. A $100,000 investment in Chobe Holdings’ shares at the beginning of the year would now be worth $112,988, reflecting a $12,988 profit.
