• BVI ships over 500 000 doses of FMD vaccines to SAJuly 2, 2025
    … as the country grapples with the worst outbreak in years STAFF WRITER RelatedPosts BVI ships over 500 000 doses of FMD vaccines to SA Tshekedi in BPF race BTCL enjoys strong growth editors@thepatriot.co.bw Botswana Vaccine Institute (BVI) has… Read more: BVI ships over 500 000 doses of FMD vaccines to SA
  • Tshekedi in BPF raceJuly 2, 2025
    Launches campaign ahead of BPF elective congress Tshekedi is heir to BPF throne, an Ian Khama’s creation – Analyst BAKANG TIRO editors@thepatriot.co.bw RelatedPosts BVI ships over 500 000 doses of FMD vaccines to SA Tshekedi in BPF race BTCL… Read more: Tshekedi in BPF race
  • CHOPPIES – FINANCE MANAGERJune 30, 2025
    RelatedPosts CHOPPIES – FINANCE MANAGER LIQUID INTELLIGENT TECHNOLOGIES BOTSWANA – SOLUTIONS ARCHITECT LIQUID INTELLIGENT TECHNOLOGIES BOTSWANA – HEAD OF SALES
  • BTCL enjoys strong growthJune 30, 2025
    Revenue jumps 4% to P1.49 billion Strong 2024 growth attributed to strategy Profit before Tax reaches P259 million, up 30%   BAKANG TIRO RelatedPosts BVI ships over 500 000 doses of FMD vaccines to SA Tshekedi in BPF race… Read more: BTCL enjoys strong growth
  • Motsepe, Butterfly’s last laughJune 30, 2025
    Court orders Botswana govt to apologise to Bridgette Motsepe Apology to cover Ian Khama, Isaac Kgosi, Welheminah Maswabi Botswana to settle huge legal bills, costs for publishing apologies As former President Mokgweetsi Masisi’s blunder haunts Botswana STAFF WRITERS editors@thepatriot.co.bw… Read more: Motsepe, Butterfly’s last laugh
  • Home
  • News
  • Business
  • Lifestyle
  • Sport
  • Analysis & Opinions
  • Vacancies & Tenders
  • Login
  • Register
Saturday, July 5, 2025
17 °c
Gaborone
21 ° Tue
22 ° Wed
24 ° Thu
26 ° Fri
The Patriot On Sunday
Subscribe
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
Home Business

Tycoon Gibson loses $5.6 m as Chobe shares decline

patriot by patriot
November 29, 2021
in Business
250
0
491
SHARES
1.4k
VIEWS
ShareShareShare

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

By Omokolade Ajayi

RelatedPosts

BVI ships over 500 000 doses of FMD vaccines to SA

BTCL enjoys strong growth

From tenderpreneurship to true entrepreneurship

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.

Related

Get real time update about this post categories directly on your device, subscribe now.

Unsubscribe
Previous Post

Joining hands for our Beloved Africa

Next Post

WHO criticises travel bans on southern African countries

Related Posts

BVI ships over 500 000 doses of FMD vaccines to SA
Business

BVI ships over 500 000 doses of FMD vaccines to SA

July 2, 2025
BTCL enjoys strong growth
Business

BTCL enjoys strong growth

June 30, 2025
From tenderpreneurship to true entrepreneurship
Business

From tenderpreneurship to true entrepreneurship

June 27, 2025
Digital Public Infrastructure as a Strategic Imperative
Business

Digital Public Infrastructure as a Strategic Imperative

June 27, 2025
Be a problem solver – Tips from tech-preneur Mothooagae
Business

Be a problem solver – Tips from tech-preneur Mothooagae

June 25, 2025
BoB warns banks
Business

BoB warns banks

June 23, 2025
Next Post
WHO criticises travel bans on southern African countries

WHO criticises travel bans on southern African countries

  • BVI ships over 500 000 doses of FMD vaccines to SAJuly 2, 2025
    … as the country grapples with the worst outbreak in years STAFF WRITER RelatedPosts BVI ships over 500 000 doses of FMD vaccines to SA Tshekedi in BPF race BTCL enjoys strong growth editors@thepatriot.co.bw Botswana Vaccine Institute (BVI) has… Read more: BVI ships over 500 000 doses of FMD vaccines to SA
  • Tshekedi in BPF raceJuly 2, 2025
    Launches campaign ahead of BPF elective congress Tshekedi is heir to BPF throne, an Ian Khama’s creation – Analyst BAKANG TIRO editors@thepatriot.co.bw RelatedPosts BVI ships over 500 000 doses of FMD vaccines to SA Tshekedi in BPF race BTCL… Read more: Tshekedi in BPF race
  • CHOPPIES – FINANCE MANAGERJune 30, 2025
    RelatedPosts CHOPPIES – FINANCE MANAGER LIQUID INTELLIGENT TECHNOLOGIES BOTSWANA – SOLUTIONS ARCHITECT LIQUID INTELLIGENT TECHNOLOGIES BOTSWANA – HEAD OF SALES
  • BTCL enjoys strong growthJune 30, 2025
    Revenue jumps 4% to P1.49 billion Strong 2024 growth attributed to strategy Profit before Tax reaches P259 million, up 30%   BAKANG TIRO RelatedPosts BVI ships over 500 000 doses of FMD vaccines to SA Tshekedi in BPF race… Read more: BTCL enjoys strong growth
  • Motsepe, Butterfly’s last laughJune 30, 2025
    Court orders Botswana govt to apologise to Bridgette Motsepe Apology to cover Ian Khama, Isaac Kgosi, Welheminah Maswabi Botswana to settle huge legal bills, costs for publishing apologies As former President Mokgweetsi Masisi’s blunder haunts Botswana STAFF WRITERS editors@thepatriot.co.bw… Read more: Motsepe, Butterfly’s last laugh
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?