Saturday, May 9, 2026
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BUSINESS & POLITICS

It was common to warn business operators not to get entangled in politics, but that was then, when the old saying ‘business and politics don’t mix’ still had some currency. The clear intent to delineate the callings of the private sector from that of the public sphere i.e., the state and its prerogatives, meant tasks were visibly separated and division of labor was solidly institutionalized. The ascendance of the ideology of ‘neoliberalism’ in the late 1970s leveraged this ideal concept only to explicitly impose the desires of capital over many of the state’s jurisdictions. The cumulative result was an all rounded disappointment, to say the least. Inequalities, due to criminal accumulation by the politically connected; moral bankruptcy, because of the blind worshipping of the ‘money god’ and many others ills were brought about by unbridled capitalism or ‘neoliberalism.’ In general, the weakening of the state led to the corruption of the old capitalist model, ushering the now globally dominant version; namely, ‘crony capitalism’!
In those early days of primeval civilizations, it was the market that was the overwhelmingly dominant institution operating at the societal level. Naturally the family as an institution had precedence over the market, but ‘the family’ did not deal in public affairs (for the obvious reason), at least not directly. It was because of the preponderance of the market that the state, as an institution, was launched by all societies that were trying to ‘civilize’! As the inherent tendency of the market is to push for primitive, hence greedy accumulation, it had to be cut to size, so to speak. The state was set up as an institution to regulate the excesses of the market, hence was initially called the ‘anti-market’! For instance, public assets/the Commons, had to be protected from the vagaries of the market, including river basins, forage lands, etc. Collective actions also needed to be monitored to yield desired results, such as ‘hunting and gatherings’, etc. Probably the worst of the market excesses was and still remains, the proclivity to commodify all and sundry under the sky. Nature, including human life, was and still is not immune to the profit motive! Gradually this tendency became intolerable to society at large and laws/regulations against such intents/actions were instituted. As a result, indentured labor, slavery of all sorts, etc. were ultimately reined in (not completely abolished) to keep the peace and forge harmony within and between societies.
In the current era of ‘monopoly capital’, states are, to a large extent, under the control of big business or transnational capital, democratic rhetoric aside. The international organizations, intergovernmental or otherwise, are set up, first and foremost, to facilitate the expansion of monopoly capital at the expense of all other things. Therefore, the idea of ‘politics and business’ existing in a relatively separate spheres has become a complete farce. Moreover, as ‘monopoly capital’ systemically and instinctively excludes new ascending capital, (outside of its control) from entering the wide global market, it almost always invites confrontation. At times, it is more than willing to instigate wars across the globe to maintain its dominance. What we are witnessing in places like Middle East and North Africa is a situation where dominant capital tries to leverage (their) respective states to pave the way for intended criminal accumulation. A very vivid project of monopoly capital is displayed in the war that is being waged in Syria.
By now it is clear that we hardly subscribe to the various stupid narratives that flood the global airwaves ad infinitum. This is because we cannot afford to remain silent when the world burns! The global sheeple might not be aware of it all, but the cost of not knowing the hidden truth had and will continue to cost millions of lives across the planet! Plenty of ‘false flags’ have been used and more are being concocted as we speak (by transnational capital and the subjugated states) to justify the proposed obliteration of Syria and Iran! Remember how Libya was ‘saved’ from its own dictator by the humanitarian bombing of NATO? Just look at the systemically planned starvation of the Yemenis? There is no limit to the power of the worldly-god of greed humanity has put on a pedestal as its ultimate savior!

Aviation stakeholders meet to draw a road map for recovery of the industry

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The 10th Aviation Stakeholders Convention hosted by the African Airlines Association (AFRAA) and Kenya Airways kicked off today in Nairobi, Kenya at the Emara Ole-Sereni hotel. The two-day convention will provide a platform for showcasing new developments and innovations in aviation, discussing industry business trends, networking and forging new partnerships.
The Convention, under the theme: “Beyond the crisis”, brings together over 500 delegates from 47 countries across the globe who are attending both physically and virtually. The Convention is one of Africa’s major forums for air transport industry stakeholders to dialogue, exchange knowledge and experiences for the development of the travel ecosystem. A total of 34 African airlines are represented at the event, with 12 airline CEOs in attendance.
Speaking at the convention on the importance of establishing lasting relationships and partnerships between aviation stakeholders for the benefit of African Aviation, Abdérahmane Berthé emphasized the need to draw out-of-the box solutions and regional initiatives for Africa: “AFRAA, in coordination with African Union Commission (AUC), African Civil Avation Commision (AFCAC), and African Aviation Industry Group (AAIG), will convene the first lab meeting to be held from 27 June to 01 July 2022. I call upon stakeholders to join this noble initiative which will bring experts from various sectors to craft solutions to transform business in the region and ensure the efficient development of intra-Africa air transport.”

New avocado oil processing company to start operations in Jimma

A new avocado oil processing company is in the process of signing to start operations in Jimma Industrial Park seconding another Avocado oil, Biodiesel and Biofertilizer processing company, Akshay Jain PLC.
“In 2019, the government awarded the management of Jimma Industry Park to Huajian, the Chinese shoe manufacturer for five years. However, the company handed back all the shades and left the park last year due to operational challenges amidst the global pandemic and with bounce back proving difficult for the firm difficult to get into operation,” explained Sandokan Debebe, CEO of IPDC.
Currently, the corporation has taken over the management of the park. Following the corporation takeover, it has made a new agreement with Akshay Jain PLC a company that has been working in the park under the management of Huajian. The company handles 150,000 Kg per day in demands of Avocado and is now in the process of expansion.
As the CEO said the signing with ELIAKIM trading Plc, the new entrant to the park, will be held soon.
The government has built 13 industrial parks and three agro-processing parks. It can be widely argued that the country is not reaping the full benefits as expected. Speaking on Friday, May 13, 2022, on the inauguration of the Soufflet Malt factory, Prime Minister Abiy Ahmed said from the total of 13 industrial parks, 9 of them have been built after he came to power. “The government has poured in lots of resources in the industrial parks and it is yet to reap its full benefits,” underlined the Prime Minister.

As a result, the PM has disclosed that the government is in the process of policy change on access to land for industrialists. In the new approach, the government plans to facilitate facilities in industrial parks rather than providing plots of land.
The head of state said that most of the bureaucracy and misdemeanor issues are raised in relation to access to land for industrial development.
He stressed that from now onwards the government policy has changed and that interested industrialists who want to invest in the industry sector shall access facilities in industrial parks that are massively developed in the past few years but have not been utilized fully.
“For investors, we will provide the adequate infrastructure at the industrial facilities, otherwise for the sake of good governance, plots in Addis Ababa or regions will not be provided for industrial developments,” he strongly said.
As Sandokan informed Capital, so far only 10 percent of land in industrial parks has been used from the total 500 hectares. “Further information on the application will be released when it is completed,” Sandokan stated.
On Friday, Soufflet Malt, the French multinational company inaugurated its first malt factory in Addis Ababa, Ethiopia at Bole Lemi Industry Zone.
The inauguration of the 60-million-euro factory was attended by PM Abiy Ahmed, and the French Ambassador to Ethiopia, Rémi Maréchaux.
In related news, 152 million USD, or an estimated 7.5 billion birr has been earned from the export of industrial parks in the past nine months, highlighted Sandokan whilst presenting the nine-month report.
In the past nine months, Bahirdar industrial park has not been operating as expected, while Kombolcha was interrupted due to the war in the northern region. Semera is yet to be operational while Mekele has fully stopped its operation owing to the war break out which has been a bottleneck in operations performance