Chobe acquires Kalahari Air Services

Botswana Stock Exchange
Botswana Stock Exchange

The Botswana Stock Exchange-listed tourism group, Chobe Holdings Limited has increased its portfolio by acquiring the Maun branch of Kalahari Air Services.

Through its subsidiary, North West Air, Chobe will pay P19.5 million for Kalahari Air Services operations at Maun International Airport.

Kalahari Air is one of the two Aircraft Maintenance Operation (AMO) operating from Maun International Airport with a 50 percent market share.

Editor's Comment
Botswana at a critical juncture

While the political shift brings hope for change, it also places immense pressure on the new administration to deliver on its election promises in the face of serious economic challenges.On another level, newly appointed Finance Minister Ndaba Gaolathe’s grim assessment of the country’s finances adds urgency to the moment. The budget deficit, expected to be P8.7 billion, is now anticipated to be even higher due to underperforming diamond...

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