African SuperComputing Center (ASCC)

Ethiopia Rejects WB Mediation over Nile Dam

Ethiopia has rejected the World Bank’s (WB) mediation over the row with Egypt concerning the repercussions of the giant hydroelectric dam Addis Ababa is building on the Nile River, Cairo deeming the project threatens its water security. The Ethiopian stance was expressed by Prime Minister Hailemariam Desalegn on Sunday. “Ethiopia will not accept Egypt’s request […]

Uncertainty over AGOA casts shadow on African trade as U.S. tariffs weigh on markets

Talks over the future of the African Growth and Opportunity Act (AGOA) are set to begin by July, but African nations face growing uncertainty as U.S. tariffs threaten to undermine the landmark trade pact. AGOA, which since 2000 has granted duty-free access to the United States for eligible sub-Saharan African exports, is scheduled to expire […]

Morocco braces for deepening budget, trade deficits on back of global economic uncertainties

The surge of commodities prices and its impact on subsidized products augurs ill for the Moroccan economy which has to prepare for a deepening budget and trade deficits. The price of oil has increased from an average of $70 per barrel to $120 while wheat prices tripled, smashing a record high of $375/t as the […]