Wednesday, October 8, 2025
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Yanet Fantaye

Name: Yanet Fantaye

Education: BSC in Mechanical engineering

Company name: Ribbon Flowers Boutique

Title: Owner

Founded in: 2022

What it do: Permanent Handmade Flowers

Hq: Addis Ababa

Number of Employees: 4

Startup capital: 80,000 birr

Current Capital: 140,000 birr

Reason for starting the Business: To create joy for people and my self

Biggest perk of ownership: Create opportunities for women

Biggest strength: Consistency and commitment

Biggest challenge: Being the first business

Plan: To be number one gift shop in the country

First career: None

Most interested in meeting: No one

Most admired person: My sister

Stress reducer: Listening music

Favorite past time: Time with my friends and family

Favorite book: Tower in the sky

Favorite destination: Where ever my friends and families are

Favorite automobile: Range Rover

An Annual Check-Up for the Climate Movement

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After a year of energy shocks, natural disasters, and calls for new investments in hydrocarbons, efforts to reduce our fossil-fuel dependency have gained greater urgency. While the world made some additional progress in 2022 to address climate change and protect nature, much remains to be done to overcome entrenched interests.
By May Boeve
This year was a tumultuous one in many ways. While climate-related shocks became even more prevalent and severe, Russia’s invasion of Ukraine triggered a global energy crisis that continues to affect millions of peoples’ lives and livelihoods. Following that shock, unprecedented heatwaves across Europe, Asia, and North America, and then devastating flooding in Pakistan, highlighted the urgency of reducing our fossil-fuel dependency and reshaping our energy systems.
Fortunately, other big developments in 2022 offered grounds for hope. The passage of the US Inflation Reduction Act the largest emissions-reduction investment in the country’s history is a landmark achievement. Historically, the United States has been the world’s biggest carbon polluter and one of the biggest laggards in international fora. But now, the IRA should put it on a course to reduce its own emissions sharply, which will help drive down prices of renewable energy around the world. Many emerging markets and developing countries will have a chance to leapfrog past coal-fired power plants. Yes, fossil-fuel lobbyists are pushing governments in Africa and elsewhere to invest in natural-gas development in response to the energy crisis. Many newly planned projects would be “carbon bombs” that would emit more than one billion tons of carbon dioxide over their lifetimes. But the climate movement has wasted no time in calling out these efforts, and in denouncing the “dash for gas” in Africa. As a result, the East African Crude Oil Pipeline (EACOP) has suffered setback after setback. With 22 commercial banks and insurers pulling out of the project, the StopEACOP campaign was gaining momentum ahead of the United Nations Climate Change Conference (COP27) in November, where it drove the message home. COP27 was a major moment for the climate movement in 2022. Although the host country, Egypt, offered little civic space to mobilize, organizations adapted by working through existing global networks and coalitions to push for more meaningful decarbonization commitments, human-rights protections, and financing. In the end, the conference produced an agreement to establish a separate global fund to compensate vulnerable countries for climate-related “loss and damage.” Given that advanced economies had long refused even to discuss the issue, this is a huge win – one driven by frontline activists and spokespeople from across the Global South. But the summit’s final agreement did not include any specific language about the need to phase out fossil fuels.
Finally, other positive climate-policy developments in 2022 included the launch of Just Energy Transition Partnerships in Indonesia, South Africa, and Vietnam. With the goal of helping countries leapfrog past fossil fuels, JETPs – if done right – could be game changers in the global transition to renewable energy. The international community also did more to protect nature in 2022. As the year drew to a close, governments at the UN Biodiversity Conference (COP15) adopted the Kunming-Montreal Post-2020 Global Biodiversity Framework – a deal that many observers are likening to the landmark 2015 Paris climate agreement. With a commitment to protect 30% of all land and sea areas by 2030, the framework opens a new chapter, following the collective failure to meet any of the Aichi Biodiversity Targets for 2020. Governments and other stakeholders are finally recognizing that climate change and biodiversity loss are inextricably linked. Rainforests and mangroves are not just habitats for millions of species. They are also crucial for slowing the pace of global heating, because they absorb and store vast amounts of CO2. Scientists have shown that conservation, ecosystem restoration, and better management of natural areas could contribute over one-third of the emissions reductions that we need by 2030. More to the point, there simply is no way to keep temperatures within 1.5° Celsius without reversing the decline of nature. The COP15 deal also explicitly recognizes that indigenous peoples are central to protecting nature, and it calls on rich countries to mobilize $30 billion per year in biodiversity financing for developing countries by 2030. But setting targets is merely the first step. We must move at an unprecedented pace to restore biodiversity and halt global warming. That means remaining alert to vested interests’ efforts to block progress and pushing back against false solutions – such as carbon offsetting, nuclear energy, and hydraulic fracking. Restoring nature must not come at the expense of local communities. To create and nurture a healthier relationship with the environment, we should take our cues from indigenous peoples. Outside of UN conferences and corporate boardrooms, a quiet revolution is gathering speed. Those demanding more financing for locally owned renewable-energy systems are piercing through the longstanding barriers and refusing to be marginalized. They are building a new consensus, and making clear that matters of climate justice are non-negotiable. I consider this quiet revolution to be one of the most exciting things that has happened over the past decade. The cyclical interplay of progress and retrogression is an enduring feature of policymaking – and of nature itself. The inevitable slumps must be met not with despair but with hope for the next upswing. While the 2022 energy crisis created a new pretext for those advocating greater investment in fossil fuels, such investments are rapidly becoming financial losers, because renewables are becoming cheaper than fossil fuels. Around the world, communities, towns, cities, and regions are experimenting with creative climate solutions. We must identify the ones that work, mobilize support for them, and scale them up. That is how we will launch the decisive next phase of the decades-long fight against climate change and environmental destruction.

May Boeve is Executive Director of 350.org.

Alliance Ethio-Française hosting a ten-day vibrant exhibition depicting the works of Capital

Marking its 25 years of operation, silver Jubilee, as the first private English newspaper, Capital newspaper officially inaugurated an exhibition at the Alliance Ethio-Française on Tuesday January 10 in the presence of government officials and the diplomatic and business community.
The exhibition named “Quarter of a Century through Capital’s Eye” will run for 10 days until January 21, 2023. More than 150 pictures and videos which taken by capital photographers through the last 25 years, mainly on economic and political aspects of the country were showcased in the exhibition.

(Photo: Anteneh Aklilu)

Capital is an Ethiopian weekly business newspaper published and distributed by Crown Publishing Plc. The paper is published once a week, on Sundays and since its establishment in December 1998 it has grown to have avid readers from the business world. True to its pro-business perspective journey from the start, the paper styles itself as “the paper that promotes free enterprise”.
In addition to weekly news and analysis specially focusing on business and economy, the newspaper gives insights on; the vibrant local and international art scene through its art column, local and global business and economy dynamics through it business and economy column and weighs in on various pragmatic opinions through its various columnists. The paper also has special segments including sports commentary, cartoons, editorials and an entrepreneur profile section where various business persons highlight their ventures. Similarly, the interview section of the paper provides an inside look of the movers and shakers of society.

(Photo: Anteneh Aklilu)

Capital subscribers often stem from the local business community, non-governmental organizations, international organizations, academic institutions and individuals. The Sunday morning paper aims to boost free press and information flow, while encouraging and nurturing the private sector with necessary information.
At the core of all its works, Capital promotes ideological changes and development among the civil society for the betterment of the country, and creates employment opportunities, whilst developing professional journalism.

END OF THE CORPORATE ERA?

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The word corporate comes from the word corporal, which means a body, more precisely, a person in the physical. Mimicking the human individual, capital established an analogues entity with legal rights/personality, around the end of the middle ages. The modern corporation is an artificial setup endowed with full legal rights and responsibilities, just like a natural person. Corporations are given this legal status to help them function like humans in most societal interactions. Recently the US Supreme Court allowed corporations even to cast their votes, albeit indirectly. What corporations lack in actual life is more than compensated by their lifeless longevity. A corporation, theoretically, can exist indefinitely. By and large, it is only corporate failure (like bankruptcy, etc.) that kills a corporation. For example, the longest business entity in the world was ‘Kongo Gumi’, a Japanese temple construction business founded in 584 AD. It only folded in 2009, after operating for 1442 years!
The corporation in its more modern stature came into being around 1600 AD. The British East India Company was the first entity to fully utilize the corporal set up. It is this company that triggered the Boston Tea Party (the American Revolution) as well as the ‘Opium War’ in China. If truth be told, the British East India company was a semi-government entity with sovereign rights/mandates, including monopolies in trades across the oceans. To be sure, the widespread use of the corporation format facilitated commerce and investment all over the world, as it allowed complex organizations to be at once efficient and autonomous! Certainly, it was a better mode of accumulation compared to those of previous eras. In ancient times slavery (long before the phenomenon was falsely associated with color/race/ethnic lines) was the only means of lucrative accumulation and it lasted quite a long time. We can even cite a recent example that is more familiar to many. It was the master/slave production relation that gave rise to the immense wealth of the new world/Americas. Many of the foundations in the USA for example, had directly benefitted from slavery (Harvard, Yale, etc.). The Bank of Lehman Brothers, which went bankrupt in 2008, was quite a big player in the financing of the slave trade from Africa!
During the European Middle Ages, a more enlightened system of accumulation was gradually established, namely, ‘feudalism’. This system replaced slaves by serfs and allowed some space for the human operators to pursue their lives as relatively autonomous entities. The serfs were not mere properties of the ruling classes. The corporation system or modern capitalism allowed the employment of human labor without the above horrendous shackles. Of course, there had always been ways of imposing restraints on ‘free labor’. Nonetheless, it proved better than the previous modes of productions. It even allowed the participation of labor in some kind of profit sharing scheme. To be sure, the proletariat-corporation nexus have not always been an amicable arrangement. Social existence in the 20th century has been a chaotic alignment and realignment between the above two main protagonists of the prevailing world order (Socialism vs. Capitalism). In the 20th century, the general mobility of capital, without much option for free labor movement, started to complicate matters in the globalized world economy, resulting in what is now called polarized and polarizing globalization. For the most part, polarization is the result of the following. In the current globalization, which is worshipped by capital and its human minions, labor is cut off from participating in the complete cycle of production processes. That is; capital, thanks to its corporal set up, became loose footed, as it can magically be in many places at the same time, while labor, which is naturally circumscribed to a given nation-state, remained stuck, rather indefinitely! Unlike the slave-master, serfs-feudal tie up, the proletariat-corporate nexus greatly helped capital skip the confinement of geography. It was set free to roam around the world, looking for better opportunities and always ready/able to abandon any domicile for better profit pasture elsewhere. It is this lopsided arrangement that is now facing the global sheeple’s wrath!
What is inherently disturbing with the current mode of accumulation that leverages the corporation-labor set up is; unlike the old systems, the corporation supported by its techno-sphere is without an iota of conscience, while its manipulative capacity has reached the stratosphere, so to speak. On the other hand, labor remains a biological organism, conscience of nature, social harmony, etc.! The big corporations, like Big Pharma, Big Ag, Big Oil, etc., are mainly interested in profit (capital accumulation) and are more than willing to undermine nature, including human lives! Just look at the Covid-19 theatrics being played out by phony/paid science, compliment of the corporation and its subservient politicos! Look how the corporate led-world ostracizes sane countries like Sweden, just because they are not willing to buy into this vicious scam of the deep state! See the article on page 51 and the web site www.swprs.org. At the same time, we believe it is instructive to examine nuanced developments of late capitalism outside corporate led societies. In fact and unlike the assumption of many, the People’s Republic of China is not a capitalist country, where ultimate decisions are made in the boardrooms. What obtains in China is a system where the benefits/methodologies, etc., of the capitalist system are utilized to create a human centered society that will ultimately be governed by human values, ambitions, etc., as well as ecological sustainability (in as much as possible)! We admit, this might not be clear or straightforward to many a sheeple, or might not even be possible going forward, given the adversity this new contraption faces from the traditional core of the system (OECD). Nonetheless, the fact still remains that the Communist Party of China, is the ultimate arbiter of economic policies/power, which can override all other institutions, including the corporations and their myriad tentacles.
This editorial was first published in 2020