Once a Century Quake Deals Blow to North African Bright Spot - News Summed Up

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Once a Century Quake Deals Blow to North African Bright Spot


The catastrophe deals a stunning blow to the country of 37 million that views itself an island of stability in North Africa and which has been a bright spot for investors wary of the region’s other economies. “The strength of the tremor was too terrifying to stay indoors,” said Aamran, an assistant manager at a car-rental firm. Read more: Morocco Returns to Bond Market as Newly-Junk Credit on the MendIn Morocco’s favor is a string of allies. Morocco’s hosting of the events, the first on the African continent in half a century, was expected to bring thousands of high-spending visitors to Marrakech. There’s been no word on whether the quake will affect plans, although much of greater Marrakech has emerged unscathed.


Source: The North Africa Journal September 10, 2023 22:29 UTC



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