Botswana tycoon Jonathan Gibson earns $14.4 million in 2023

by MMC
0 comment

Botswanan businessman Jonathan Gibson has firmly established himself as a major player on the Botswana Stock Exchange, earning an impressive over $10 million this year alone from his stake in Chobe Holdings.

Data collected by Billionaires.Africa revealed that Gibson’s stake in Chobe Holdings has jumped by BWP218.04 million ($14.36 million) since January 1 as investors on the local bourse increase their stakes in the Gaborone-based group.

Chobe Holdings operates 12 ecotourism lodges and camps on leased land in northern Botswana and the Caprivi Strip of Namibia under the brands Desert & Delta Safari, 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 aircraft maintenance company which provides maintenance services to the group’s aircraft and to third parties. evenings.

Gibson, vice-chairman of Chobe Holdings, which is among the richest investors on the Botswana Stock Exchange, owns 31,830,406 ordinary shares in the Gaborone-based tourism group.

Since the beginning of the year, the Chobe Holdings stock price rose 86.60 percent from 7.91 BWP ($0.5740) on January 1 to 14.76 BWP ($1.072) at the time of writing, resulting in gains amounting to millions of dollars for its shareholders, including Gibson.

Due to the double-digit rise in the group’s stock price, the market value of Gibson’s stake increased by BWP218.04 million ($14.36 million) from BWP251.78 million. BWP ($19.74 million) to BWP469.83 million ($34.10 million) at the time of writing.

This substantial increase in Gibson’s stake further solidifies his status among Botswana’s billionaire elite and positions him as one of the wealthiest investors on the Botswana Stock Exchange.

You may also like

Leave a Comment

The news website dedicated to showcasing Africa news is a valuable platform that offers a diverse and comprehensive look into the continent’s latest developments. Covering everything from politics and economics to culture and wildlife conservation

u00a92022 All Right Reserved. Designed and Developed by PenciDesign