Economy
- Economic growth: Omar Kabbaj, president of the African Development Bank (AfDB), announced that the economic growth 2004 for the African continent has been exceptional, with a growth rate of 4,5% (4,1% in 2003). Central Africa knew a growth rate of 8,7%, Eastern Africa 6,5%, North Africa 4,7% and Western Africa 4%. The AfDB president however regretted that "the continent continually has to deal with major challenges, like conflicts, the strong incidence of poverty and an inexorable progression of the AIDS pandemia."
- Aeronautics: The Economic and Monetary Community of Central Africa (Cemac) and the airline Royal Air Maroc on 24 February 2005 signed a draft agreement for the establishment of the regional airline Air Cémac.
- Western Africa: The BCEAO (Banque Centrale des États de l'Afrique de l'Ouest, "Central Bank of the States of Western Africa") affirmed on 22 February to have recovered 99,21% of the franc CFA notes of the 1992 range, at the end of a demonetisation operation which was completed on 18 February.
- Aeronautics/Mali: The first stone of the Institut africain des métiers de l'aérien ("African Institute of Aeronautic Skills") was cast on 17 March 2005 at the Bamako-Sénou airport site. This new school was initiated by the airline Air France.
Read more about this topic: 2005 In Africa
Famous quotes containing the word economy:
“The counting-room maxims liberally expounded are laws of the Universe. The merchant’s economy is a coarse symbol of the soul’s economy. It is, to spend for power, and not for pleasure.”
—Ralph Waldo Emerson (1803–1882)
“Cities need old buildings so badly it is probably impossible for vigorous streets and districts to grow without them.... for really new ideas of any kind—no matter how ultimately profitable or otherwise successful some of them might prove to be—there is no leeway for such chancy trial, error and experimentation in the high-overhead economy of new construction. Old ideas can sometimes use new buildings. New ideas must use old buildings.”
—Jane Jacobs (b. 1916)
“Quidquid luce fuit tenebris agit: but also the other way around. What we experience in dreams, so long as we experience it frequently, is in the end just as much a part of the total economy of our soul as anything we “really” experience: because of it we are richer or poorer, are sensitive to one need more or less, and are eventually guided a little by our dream-habits in broad daylight and even in the most cheerful moments occupying our waking spirit.”
—Friedrich Nietzsche (1844–1900)