Global Climate Innovators Launch New Campaign


Global Climate Innovators Launch New Campaign

  A global campaign featuring up to 50 diverse innovators and their tangible climate solutions across regions, industries, and communities was launched last week. Dubbed the Impact Makers, it is hoped to inspire climate action, innovation and advance solutions. From social entrepreneurs and community leaders to startups, it will be showcased at Climate Week New York City, COP29 in Azerbaijan, and COP30 in Brazil. The campaign focuses on key areas such as energy, transport, industry, land use, ocean and coastal zones, water, and human settlements – all areas of focus for the Marrakech Partnership. Impact Makers will be selected based on their innovation, resourcefulness, communications skills, and the impact and scalability of their initiatives. A diverse Steering Committee, composed of expert international research institutes, climate resilience networks, social impact organisations, and communications platforms, will nominate Impact Makers.


Radar

Ethiopian Airlines Fined $425,000 for Non-compliance

The United States Department of Transportation (DOT) has imposed significant fines on Ethiopian Airlines and Etihad Airways, totaling 425,000 dollars and 400,000 dollars, respectively. Ethiopian Airlines operated flights under United Airlines' code, while Etihad Airways used JetBlue's code in regions where U.S. flights were prohibited. An investigation by the Department's Office of Aviation Consumer Protection (OACP) uncovered that from February 2020 to December 2022, Ethiopian Airlines conduct...


Radar

Enat Holds Steady as Revenue, Expense Soar

Enat Bank held its 11th Annual General Meeting of Shareholders last week at the Millennium Hall on Africa Avenue, where it announced a profit after tax of 555.2 million Br, exhibiting an incremental 2pc growth from the previous year. The Bank registered stronger growth with a 29pc increase in revenue, reaching 4.3 billion Br. The bank's focus on strategic branch expansion and enhancements to digital banking resulted in a 18.4pc deposit growth, bringing total deposits to 21 billion Br. Preside...


Radar

Addis Surges, Minimum Threshold Out of Reach

Addis International Bank reported an 85pc growth in net profit to come in at 413.87 million Br. The bank's total assets as of the 2023/2024 fiscal year were 15.4 billion Br, representing a 22.2pc rise of 2.8 billion Br over the previous year. The Bank also posted a substantial 13.8pc rise in paid-up capital from the previous year to sit at 2.1 billion Br. It was noted at the general assembly that “the Bank is far away to reach the required minimum capital after two years.” Addis Internation...