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 aim of the laborer should be, not to get his living, to get “a good job,” but to perform well a certain work; and, even in a pecuniary sense, it would be economy for a town to pay its laborers so well that they would not feel that they were working for low ends, as for a livelihood merely, but for scientific, or even moral ends. Do not hire a man who does your work for money, but him who does it for love of it.”
—Henry David Thoreau (1817–1862)
“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)
“War. Fighting. Men ... every man in the whole realm is in the army.... Every man in uniform ... An economy entirely geared to war ... but there is not much war ... hardly any fighting ... yet every man a soldier from birth till death ... Men ... all men for fighting ... but no war, no wars to fight ... what is it, what does it mean?””
—Doris Lessing (b. 1919)