Meet Benedict Peters, Nigerian Billionaire Who’s Set to Launch Lithium Plant in Zimbabwe

Benedict Peters, CEO and owner of Bravura Holdings Ltd. is set to launch a major lithium project in Zimbabwe next year.

This initiative focuses on lithium, a crucial metal used in batteries for electric vehicles.

While the current price of lithium is low, Peters and his company see it as a strategic investment for the future.

Why Africa? The continent is rich in lithium reserves, with countries like Zimbabwe, Namibia, Ghana, the Democratic Republic of Congo, and Mali boasting some of the largest deposits in the world.

Bravura Holdings Ltd. plans to kick off its Kamativi lithium tailings project in 2025, aiming to capitalise on this abundant resource.

About Benedict Peters

Benedict Peters is a Nigerian billionaire businessman with extensive assets in the oil and gas and mining industries.

He is the founder and CEO of Aiteo, Africa’s largest Indigenous oil producer, and Bravura Holdings, a vertically integrated mining company developing platinum, lithium, steel, copper, and gold assets in several African countries.

Peters began his career in the oil and gas industry in the early 1990s at Ocean and Oil Services Limited.

He later moved to MRS Oil and Gas Limited as group executive director, eventually becoming managing director before leaving to establish Sigmund Communecci in 1999.

In February 2008, Peters rebranded Sigmund Communecci to Aiteo.

Aiteo owns one of the largest petroleum tank farms in Nigeria, with facilities holding more than 250 million liters on over 100,000 square meters of land. It also owns and operates the Abonnema Storage Terminal.

Peters was one of four recipients of the Marquee Award for Global Business Excellence at the Africa-U.S. Leadership Awards Dinner on August 5, 2014, in Washington, D.C., hosted by the African Energy Association, a non-profit energy industry organization.

Benedict Peters was born in Nigeria to a bank manager and a homemaker. He attended Ekulu Primary School in Enugu and Federal Government College in Enugu.

Peters graduated with honors from the University of Benin with a Bachelor of Science degree in geography and regional planning, majoring in geomorphology. He is married and has five children.