Federal Supreme Court president Meaza Ashenafi and vice president Solomon Areda resigned from their post. Tedros Miheret is now appointed as President.
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
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.

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.

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.


