Chobe Holdings increases tourism footprint
source: Mmegi
WANETSHA MOSINYI
STAFF WRITER
Botswana Stock Exchange-listed group Chobe Holdings Limited has further increased its footprint in the tourism sector by its recent acquisition of Ker and Downey Botswana and The Bookings Company.
In a statement on Tuesday, the Group said subsequent to a shareholders meeting on April 10, the two companies are now wholly owned subsidiaries of Chobe Holdings Limited.
The 20 857 092 ordinary shares issued in satisfaction of the respective purchase considerations were listed on the BSE, the statement said. Chobe Holdings offers luxury tourist accommodation in a total of eight lodges situated in the Chobe National Park, in the Okavango Delta, and in Namibia. The Group also operates tourist transfers to its own lodges and third party sites using its own fleet of aircraft and its property near Maun Airport as an operational base.
The newly acquired entity Ker and Downey also operates in the luxury tourist trade, with the main income stream being generated [continue reading]
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