• 5+1 unions win urgency bid October 29, 2025
    Court of Appeal rules in the union’s favour for their case to be heard under certificate of urgency   KITSO RAMONO RelatedPosts 5+1 unions win urgency bid  Which way BPF? Pageantry: A peep behind the scenes editors@thepatriot.co.bw Botswana’s main public… Read more: 5+1 unions win urgency bid 
  • Which way BPF?October 29, 2025
    Ookeditse plots the party’s return to UDC – Reatilegoes the other way KITSO RAMONO RelatedPosts 5+1 unions win urgency bid  Which way BPF? Pageantry: A peep behind the scenes editors@thepatriot.co.bw   As the Botswana Patriotic Front (BPF) heads to… Read more: Which way BPF?
  • Pageantry: A peep behind the scenesOctober 27, 2025
    Pageantry: A peep behind the scenes ‘People see the glam, but behind closed doors we battle with a lot’   RelatedPosts 5+1 unions win urgency bid  Which way BPF? Pageantry: A peep behind the scenes AMANDA DAVID editors@thepatriot.co.bw  … Read more: Pageantry: A peep behind the scenes
  • Absa Bank Botswana recognised as a Top Employer 2025 in AfricaOctober 27, 2025
    STAFF WRITER editors@thepatriot.co.bw  RelatedPosts 5+1 unions win urgency bid  Which way BPF? Pageantry: A peep behind the scenes Absa Bank Botswana is proud to announce its recognition as a Top Employer 2025 by the Top Employers Institute, marking the… Read more: Absa Bank Botswana recognised as a Top Employer 2025 in Africa
  • Bunning upbeat on TatakiOctober 27, 2025
    Tataki Mining executives hit the ground running Forecast to create around 3000 jobs at full production   STAFF WRITER RelatedPosts 5+1 unions win urgency bid  Which way BPF? Pageantry: A peep behind the scenes editors@thepatriot.co.bw   Richard Bunning, the… Read more: Bunning upbeat on Tataki
  • Home
  • News
  • Business
  • Lifestyle
  • Sport
  • Analysis & Opinions
  • Vacancies & Tenders
  • Login
  • Register
Wednesday, October 29, 2025
The Patriot On Sunday
Advertisement
  • Home
  • News
  • Business
  • Lifestyle
  • Sport
  • Analysis & Opinions
  • Vacancies & Tenders
No Result
View All Result
Cart / $0.00

No products in the cart.

  • Home
  • News
  • Business
  • Lifestyle
  • Sport
  • Analysis & Opinions
  • Vacancies & Tenders
No Result
View All Result
The Patriot On Sunday
No Result
View All Result

Tycoon Gibson loses $5.6 m as Chobe shares decline

patriot by patriot
November 29, 2021
in Business
0

Chobe operates 12 ecotourism lodges and camps on leased land in northern Botswana and the Caprivi Strip in Namibia.

By Omokolade Ajayi

RelatedPosts

Absa Bank Botswana recognised as a Top Employer 2025 in Africa

Bunning upbeat on Tataki

China\\\\\\\’s green agriculture breakthrough

BILLIONAIRES.AFRICA

Botswana-based businessman Jonathan Gibson has seen the market value of his stake in Chobe Holdings, a Botswana-based tourism group, decline by BWP65.9 million ($5.6 million) since the start of the year.

The value loss came off a double-digit decline in the group’s shares, as investors sold off their stakes due to the impact of the COVID-19 pandemic on the tourism industry and the ripple effect on the operations of its subsidiaries.

Chobe Holdings Limited operates 12 ecotourism lodges and camps on leased land in northern Botswana and the Caprivi Strip in Namibia under leading brands and subsidiaries under its control.

The Bostwana-based tourism group is led by one of the country’s leading executives Jonathan Gibson, who holds a substantial ownership interest amounting to 31,830,406 ordinary shares. 

As of press time, Nov. 28, shares in the Botswana-based group were trading at BWP7.36, 14-basis points lower than their opening price on the Botswana Stock Exchange on Fri., Nov. 26.

Chobe shares have lost more than one-fifth of their value as a result of the sustained sell-off, as shareholders react to the Botswana-based tourism group’s bland financial performance in 2020 and the losses that it posted in the first half of its current financial year.

Since the start of the year, the group’s stock price has fallen from BWP9.43 ($0.8058) per share on Dec. 31, 2020, to BWP7.36 ($0.629) per share on Nov. 28; while its market capitalisation on the local bourse slumped from BWP843.4 million ($72.1 million) to BWP658.3 million ($56.2 million) as a result of the price decline.

Research by Billionaires.Africa revealed that the market value of Gibson’s stake has dropped from BWP300.2 million ($25.6 million) at the start of the year to BWP234.3 million ($20 million) as of the time of writing, accruing total losses of BWP65.9 million ($5.6 million) for the businessman since the year began.

Previous Post

Joining hands for our Beloved Africa

Next Post

WHO criticises travel bans on southern African countries

Related Posts

Absa Bank Botswana recognised as a Top Employer 2025 in Africa
Business

Absa Bank Botswana recognised as a Top Employer 2025 in Africa

October 27, 2025
Bunning upbeat on Tataki
Business

Bunning upbeat on Tataki

October 27, 2025
China\\\\\\\’s green agriculture breakthrough
Business

China\\\\\\\’s green agriculture breakthrough

October 22, 2025
Botswana Life unveils ‘Monkgogi’
Business

Botswana Life unveils ‘Monkgogi’

October 22, 2025
World Bank lauds Botswana
Business

World Bank lauds Botswana

October 21, 2025
Global Expo 2025,  Unveils P680 billionblitz
Business

Global Expo 2025, Unveils P680 billionblitz

October 14, 2025
Next Post
WHO criticises travel bans on southern African countries

WHO criticises travel bans on southern African countries

  • 5+1 unions win urgency bid October 29, 2025
    Court of Appeal rules in the union’s favour for their case to be heard under certificate of urgency   KITSO RAMONO RelatedPosts 5+1 unions win urgency bid  Which way BPF? Pageantry: A peep behind the scenes editors@thepatriot.co.bw Botswana’s main public… Read more: 5+1 unions win urgency bid 
  • Which way BPF?October 29, 2025
    Ookeditse plots the party’s return to UDC – Reatilegoes the other way KITSO RAMONO RelatedPosts 5+1 unions win urgency bid  Which way BPF? Pageantry: A peep behind the scenes editors@thepatriot.co.bw   As the Botswana Patriotic Front (BPF) heads to… Read more: Which way BPF?
  • Pageantry: A peep behind the scenesOctober 27, 2025
    Pageantry: A peep behind the scenes ‘People see the glam, but behind closed doors we battle with a lot’   RelatedPosts 5+1 unions win urgency bid  Which way BPF? Pageantry: A peep behind the scenes AMANDA DAVID editors@thepatriot.co.bw  … Read more: Pageantry: A peep behind the scenes
  • Absa Bank Botswana recognised as a Top Employer 2025 in AfricaOctober 27, 2025
    STAFF WRITER editors@thepatriot.co.bw  RelatedPosts 5+1 unions win urgency bid  Which way BPF? Pageantry: A peep behind the scenes Absa Bank Botswana is proud to announce its recognition as a Top Employer 2025 by the Top Employers Institute, marking the… Read more: Absa Bank Botswana recognised as a Top Employer 2025 in Africa
  • Bunning upbeat on TatakiOctober 27, 2025
    Tataki Mining executives hit the ground running Forecast to create around 3000 jobs at full production   STAFF WRITER RelatedPosts 5+1 unions win urgency bid  Which way BPF? Pageantry: A peep behind the scenes editors@thepatriot.co.bw   Richard Bunning, the… Read more: Bunning upbeat on Tataki
The Patriot On Sunday

© 2024 Copyright The Patriot On Sunday - Inspired by Search Mart.

Navigate Site

  • About Us
  • Advertise
  • Disclaimer
  • Contact Us

Follow Us

Welcome Back!

Login to your account below

Forgotten Password? Sign Up

Create New Account!

Fill the forms bellow to register

All fields are required. Log In

Retrieve your password

Please enter your username or email address to reset your password.

Log In
No Result
View All Result
  • Login
  • Sign Up
  • Cart
  • Home
  • News
  • Business
  • Lifestyle
  • Sport
  • Analysis & Opinions
  • Vacancies & Tenders

© 2024 Copyright The Patriot On Sunday - Inspired by Search Mart.

This website uses cookies. By continuing to use this website you are giving consent to cookies being used. Visit our Privacy and Cookie Policy.
Are you sure want to unlock this post?
Unlock left : 0
Are you sure want to cancel subscription?