Over two days in October 2025, up to 10,000 people are believed to have been massacred; a further 40,000 civilians from the Sudanese city are still unaccounted for. This is the story of what happened In the pistachio green Toyota Land Cruiser rattling over the desert plain, Aboud Khater pressed his foot to the floor. Behind, the sun rose above El Fasher. Smoke belched from the stricken city. Khate...
Over two days in October 2025, up to 10,000 people are believed to have been massacred; a further 40,000 civilians from the Sudanese city are still unaccounted for. This is the story of what happened In the pistachio green Toyota Land Cruiser rattling over the desert plain, Aboud Khater pressed his foot to the floor. Behind, the sun rose above El Fasher. Smoke belched from the stricken city. Khater was driving the last vehicle of the final evacuation convoy from El Fasher. It was 5:45am on 27 October 2025. He couldn’t have waited any longer. The historic capital of Sudan’s sprawling region of Darfur would capitulate in the next two hours. Continue reading...
Innovation Beverage Group ( IBG ) on Wednesday said it has acquired a controlling interest in BlockFuel Energy, a Texas -based energy corporation. This transaction represents a significant milestone towards the proposed merger between both companies, which they anticipate closing in the coming weeks. On March 16, 2026, IBG entered into a Share Exchange Agreement with certain shareholders of BFE pu...
Innovation Beverage Group ( IBG ) on Wednesday said it has acquired a controlling interest in BlockFuel Energy, a Texas -based energy corporation. This transaction represents a significant milestone towards the proposed merger between both companies, which they anticipate closing in the coming weeks. On March 16, 2026, IBG entered into a Share Exchange Agreement with certain shareholders of BFE pursuant to which IBG acquired 127,628 shares of BFE common stock, representing approximately 51% of BFE’s outstanding equity. As consideration for those shares, IBG issued warrants to purchase an aggregate of 3.81M ordinary shares of IBG at an exercise price of $0.0001 per share, which are not exercisable until shareholder approval and approval by Nasdaq are obtained. The warrant shares represent 45.9% of the issued and outstanding shares of IBG and will represent 51% of the merger consideration payable at the time of the closing of the merger. As part of the transaction, IBG also provided BFE with a $2.5 million unsecured loan, which facilitated the repurchase and cancellation of certain outstanding BFE shares. Upon completion of the merger, the combined company is expected to operate under the BlockFuel Energy name, with IBG’s existing beverage business transitioning into an Australian-based subsidiary led by IBG’s CEO Sahil Beri as President. The new parent company will focus on scaling its U.S. onshore oil and gas operations. BlockFuel Energy is focused on the acquisition, development, and operation of oil and gas assets, with current operations primarily located in the United States , including acreage positions in Oklahoma . IBG -11.57% premarket to $1.07. Source: Press Release More on Innovation Beverage Group Limited Innovation Beverage Group prices $6M public offering Financial information for Innovation Beverage Group Limited
JHVEPhoto Citi increased the price target on Amazon's ( AMZN ) stock to $285 from $265 after raising Amazon Web Services' revenue projections on AI tailwinds from Anthropic ( ANTHRO ), OpenAI ( OPENAI ), and ramping gigawatt capacity. The firm maintained its Buy rating on Amazon's stock. Shares of Amazon climbed about 2% premarket on Wednesday. Analysts led by Ronald Josey said they have raised th...
JHVEPhoto Citi increased the price target on Amazon's ( AMZN ) stock to $285 from $265 after raising Amazon Web Services' revenue projections on AI tailwinds from Anthropic ( ANTHRO ), OpenAI ( OPENAI ), and ramping gigawatt capacity. The firm maintained its Buy rating on Amazon's stock. Shares of Amazon climbed about 2% premarket on Wednesday. Analysts led by Ronald Josey said they have raised their AWS projections due to continued AI demand and their analysis of revenue contributions from Anthropic, OpenAI, and core (non-AI) workloads. "We now project AWS revenue growth to be +28% Y/Y in 1Q26, +29% Y/Y for 2026E, and accelerate to +37% Y/Y in 2027E as its partnerships with Anthropic and OpenAI ramp. The net-result, AI revenue accounts for ~58% of AWS’ incremental revenue in ‘26E and 72% in ‘27E and we believe AWS can ramp its infrastructure capacity given demand (we are adjusting our CapEx projections slightly as well). While we acknowledge the concerns around AWS ROI [Return on Investment], competition, and limited FCF [Free Cash Flow] visibility, given monetization quickly following capacity additions, accelerating revenue growth, and rising OI [Operating Income], we believe AWS is increasingly well positioned," said the analysts. For 2026 and 2027, the analysts expect Anthropic to account for about $18B and $31B of AWSrevenue, respectively, based on their analysis of Anthropic’s inference, training, and reseller revenue running on AWS infrastructure as Project Rainier continues to ramp. The analysts noted that for OpenAI, given AWS' $100B, eight-year Trainium partnership and $38B, seven-year NVDA ( NVDA ) GPU partnership, OpenAI could account for $6B and $18B of AWS revenue in 2026 and 2027E, respectively, with the partnership likely going live in the second half/fourth quarter of 2026. Josey and his team added that their analysis suggests AI revenue can account for about 58% of incremental AWS revenue in 2026E and about 72% in 2027. "That said, given our view ...
Welcome to Next Africa, a daily newsletter on where the continent stands now — and where it’s headed. Sign up here to have it delivered to your email. In today’s edition, we look at the race for Congo’s critical minerals, as well as: The dilemma confronting BRICS members Angola and Senegal’s debt raising Nigeria moves to pump more oil Leading the Race Zijin Mining’s disclosure of the size of its l...
Welcome to Next Africa, a daily newsletter on where the continent stands now — and where it’s headed. Sign up here to have it delivered to your email. In today’s edition, we look at the race for Congo’s critical minerals, as well as: The dilemma confronting BRICS members Angola and Senegal’s debt raising Nigeria moves to pump more oil Leading the Race Zijin Mining’s disclosure of the size of its lithium operation in the Democratic Republic of Congo is yet another reminder of China’s commanding lead over the US in the intensifying competition for critical minerals. Congo, staggeringly rich in coveted metals including copper, cobalt and tantalum, has become a hotbed for the rivalry between the top two economies. In this case, the US is the upstart. Washington has a shiny new minerals pact with Kinshasa, but Beijing has an intimidating headstart. To hammer the point home, Zijin revealed the Manono lithium mine that the firm will commission around June is set to be one of the world’s biggest suppliers of the metal to China’s dominant battery industry. The project — involving a new export route across Lake Tanganyika to Dar es Salaam on the Indian Ocean coast — has been built at a clip many Western firms would consider warp speed. Fellow Chinese giant CMOC — having already plowed about $9 billion into its pair of Congolese copper-cobalt assets — announced in October an additional $1.1 billion investment. The expansion will take its annual copper output in the central African nation beyond 800,000 tons a year. That’s about 3.5% of last year’s total global production. CMOC and Zijin have helped Congo triple copper exports in less than a decade, cementing the country as the No. 2 supplier of the metal that’s key to electrification and the wider energy transition. Chinese-linked mines accounted for more than 80% of Congo’s copper output last year. Granted, American companies have only had three months since Donald Trump’s administration signed a minerals partnership with Pre...