News
Bravura sets the record straight: Rebuttal to inaccurate claims in Zimbabwean Mail
Bravura Holdings, a leading mining company owned by pan-African billionaire Benedict Peters, has refuted claims in the Zimbabwean Mail suggesting the Zimbabwean government is considering repossessing its mining concessions.
Bravura clarifies that the Kamativi Lithium Tailings Project, launched in December 2021, is progressing steadily despite encountering regulatory hurdles and global economic challenges. The company cites completed exploration efforts, advanced civil works, and an anticipated production launch later in 2024.
Bravura emphasizes its significant financial investments and unwavering commitment to Zimbabwe’s development, dismissing the article as an unsubstantiated and malicious attempt to undermine its efforts. The company is pursuing legal action to address the defamatory claims.
Bravura Statement:
Our attention has been drawn to the publication in the online version of the 27 May 2024 edition of the Zimbabwean Mail titled, “Zimbabwe Considers Repossessing Nigerian Billionaire’s Mining Concessions Amid Financial Struggles.” The article unfoundedly suggests that Mr. Benedict Peters, the Executive Vice Chairman and CEO of our Group, Bravura, faces the potential loss of his mineral concessions in Zimbabwe due to stalled projects and financial difficulties. The article misguidedly claims that government sources have expressed concerns about the slow progress and stalling of these projects, considering repossessing them.
The accounts published are lopsided, incomplete, unsatisfactory, and inherently misleading. They distort the facts around the projects and present an inaccurate rendition of key issues, driven by a conflation of important considerations. We are compelled to refute these baseless suggestions. For the record, the aspersions in the article are malicious and fictitious. Given the serious implications of such misleading accounts, it is necessary to address these distortions publicly.
First, we clarify a number of key facts and developments with respect to the Kamativi project that the story appears to have made the subject of its patently absurd criticisms. The Kamativi Lithium Tailings Project agreement was signed in December 2021 between ROZ and Bravura. Despite typical and unusual regulatory and compliance challenges, critical exploration, topographical surveys, grid and ore sampling, and metallurgical and mineralogical test work have been undertaken and mostly completed. Heavy-duty equipment required for several aspects of the operation has been procured and is already in-country. Local civil works, including campsite construction following the relocation of local residents, are at advanced stages. Beneficiation plant construction required for the dump material and a high-capacity processing plant has reached an advanced stage. Base power supply deployment arrangements have been concluded, with generators already in the country. Production is expected to commence very soon, later in 2024.
All of this has been undertaken at enormous financial investment by us. This progress has been achieved despite considerable drawbacks in the global economy, in-country sector challenges, and, critically, the effect of the pandemic on the mining industry in the country. There has been valuable support from the Government of Zimbabwe, evident through visits by Ministry of Mines officials and engagements that have provided access to informative progress and status reports. This raises considerable questions about how the publication allegedly cites sources from within the government without the essential particularity upon which the accuracy of its assertions should be based.
It is crucial to highlight that metallic mines are notorious for their prolonged development periods, often taking several decades to transition from discovery to production. The fact that Bravura is poised to commence production this year, within just a few years of acquiring the project, underscores our unwavering commitment and seriousness in advancing this initiative.
The spurious article lacks factual content and informed analysis, failing to provide information, explanation, or clarification of its assertions. It seeks credibility by associating our name with a story to attract twisted legitimacy or interest. The article is a malicious concoction of untruths designed to embarrass and discredit Bravura, without foundation. It is a false representation, contrived by irresponsible journalism, intended to malign our reputation.
For the avoidance of doubt, any imputation in the article is a conjectured lie of the gravest dimension and is denied in every respect. The lack of specificity speaks to the assertions’ lack of credibility, making it difficult to respond to issues the authors clearly know little about. The author and publishers knew, or ought to have known, that none of these assertions is true or accurate. They made no effort to verify the accounts, despite our well-publicized contact details.
We reject any suggestion that the project is experiencing delays or that there is any consideration to review our mandate. Those spreading these accounts are doing so on an ill-conceived, speculative basis, destined to fail. The matters have now been referred to our lawyers, who will take all necessary steps to protect our interests and obtain remedies against those responsible for this defamatory campaign.
Bravura’s commitment to this project aligns with the objectives of His Excellency, President Emmerson Mnangagwa, whose mantra, “Nyika inovakwa nevene vayo,” promotes self-determination and debt-free development of Zimbabwe. Our commitment to realizing this project for the benefit of the stakeholders and the people of Zimbabwe, who own a 40% interest, remains undiluted and will not be deflected by such absurd imputations. Corresponding work continues on our other projects.
We urge the public, business partners, associates, and well-wishers to disregard any defamatory reports about Bravura, including those republished by other online media outlets using the Zimbabwean Mail as their source.
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What is the Dollar to Naira Exchange rate at the black market also known as the parallel market (Aboki fx)?
See the black market Dollar to Naira exchange rate for yesterday 11th September, below. You can swap your dollar for Naira at these rates.
The exchange rate for a dollar to naira at Lagos Parallel Market (Black Market) players buy a dollar for N1525 and sell at N1550 yesterday 12th September 2025, according to sources at Bureau De Change (BDC). …CLICK LINK TO CONTINUE READING
Amidst swirling rumors surrounding Oseloka Obi, the son of Peter Obi, the Labour Party’s presidential candidate for 2023, a new twist has emerged regarding persistent allegations about his gender identity.
In response to a flurry of speculation, Oseloka has taken a stand against the viral claims connecting him to homosexuality, which were sparked by the circulation of photographs featuring him alongside Kent Okwesa, a British-Nigerian based in London. Click link to continue reading.
“We’ve lost two games in a row, it’s not good enough, it’s way too bad,” he said, speaking to Viaplay in Norway. “We need to figure it out, get back to winning ways.
Pep Guardiola’s side are in the bottom half of the Premier League table heading into the clash having lost back-to-back matches against Tottenham and Brighton before the international break. Click link to continue reading.
The General Superintendent of the Deeper Christian Life Ministry, Pastor William Folorunsho Kumuyi, has announced a series of changes to some of the long-standing rules of the church, saying many of them were never scriptural but were introduced for administrative purposes.
Pastor Kumuyi, widely regarded as one of the most influential church leaders in the world, is the founder of Deeper Life Bible Church, which began in 1973 as a small Bible study group in Lagos.
Over the decades, the ministry has grown into a global Christian movement. The Lagos headquarters alone attracts over 120,000 worshippers weekly, placing it among the five largest single congregations worldwide. In Nigeria, the church boasts more than one million members with over 5,000 branches, and a further 3,000 branches spread across Africa, Europe, and North America.
Speaking at the church 2025 Global Family and Marriage Conference, Pastor Kumuyi announced modifications to certain marriage rules that had long been regarded as doctrinal. He clarified that many of these practices were never rooted in the Bible but were merely administrative guidelines designed to provide structure.
One of the major changes is the cancellation of the restriction that prevented a lady from visiting her suitor before marriage. According to Kumuyi, intending couples may now visit each other during courtship, provided they are accompanied by an elder. The long-held six-month mandatory courtship period has also been scrapped. “We just felt you need some time to know one another. And then we said one month will be too short, two months too short. So, why not six months? But it is not from the Bible,” he said.
He stated the importance of Christians being able to distinguish between God’s commandments and church traditions.“As a Christian, you need to be so mature that you know the difference between the law of God and the principles in the church. Six months is all right, but it’s not something inflexible. If we change it to three months, we’re not changing the Bible, because six months is not in the Bible,”
Pastor Kumuyi also clarified the role of marriage committees in Deeper Life, noting that their purpose was to provide guidance and not to exercise authority beyond what is written in the scriptures. “There’s no marriage committee in the New Testament. We created it to help you, not because we can give you a chapter and a verse. It is church administration,” he stated.
These changes are seen by people as another step in the ongoing review of church practices that many members and outsiders have often considered too strict. Since founding the church has faced both admiration and criticism for its distinct doctrines. Some of its earlier beliefs and practices have either been misinterpreted or have since evolved:
Technology Use: The church, which once opposed television and modern gadgets, now embraces media and social platforms for evangelism.read the gospel.
Marriage Rules: Inter-church marriages are now accepted, provided the partner is from a Bible-believing church with a holy standard of living.
Dress Code: The church still emphasizes modesty, but women no longer have to tie scarves at all times, and men are not strictly bound to suits.
Medical Treatment: While rumors once suggested Deeper Life discouraged hospital visits, today members are encouraged to seek proper medical care when needed.
Christmas Celebrations: Although many members spend Christmas at church camps, the church has clarified that celebrating Christmas is not forbidden.
Other misconceptions, such as supposed food restrictions or claims that Pastor Kumuyi had relocated to the UK, have also been dispelled.
Through these reforms, Pastor Kumuyi is reinforcing his long-held belief that while order is necessary in the church, it must never be mistaken for scripture.
Source: City People
What is the Dollar to Naira Exchange rate at the black market also known as the parallel market (Aboki fx)?
See the black market Dollar to Naira exchange rate for yesterday 11th September, below. You can swap your dollar for Naira at these rates.
The exchange rate for a dollar to naira at Lagos Parallel Market (Black Market) players buy a dollar for N1530 and sell at N1550 yesterday 11th September 2025, according to sources at Bureau De Change (BDC). …CLICK LINK TO CONTINUE READING
The likelihood of former President Goodluck Ebele Jonathan entering the presidential race in 2027 is becoming increasingly apparent, particularly given the recent developments surrounding his potential candidacy.
Reports suggest that Jonathan is discreetly meeting with key political figures across the country, which adds to the anticipation surrounding his possible return to politics. Click link to continue reading.
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