idle

Banks face fresh hit from parastatals’ idle cash ban

Parastatals in Kenya have been banned from holding idle funds in bank accounts under a new public finance reform plan that seeks to promote transparency and efficiency in the use of public resources. Treasury Minister Njuguna…

Brazil’s Paranagua port conveyor belt idle amid explosion risk By Reuters

Investor Empires

By Ana Mano SAO PAULO (Reuters) - The Port of Paranagua, one of Brazil's busiest for sugar and grain exports, said on Wednesday one conveyor belt at its so-called export corridor remains inoperative after labor authorities idled it over a…

State bets on e-vehicles to consume idle power

Investor Empires

Economy State bets on e-vehicles to consume idle power Friday March 29 2024 A charging handle recharges an electric vehicle at TJ&U garage in Buruburu, Nairobi on May 24, 2023. FILE PHOTO | NMG The State is betting on…

XTB to Offer Up to 5% Interest on Idle Client Deposits

Investor Empires

Seeking new ways to expand its client base continually, Polish-origin broker XTB has introduced interest on uninvested funds for all clients, joining an increasingly popular trend in the industry. As Finance Magnates learned, the publicly…

State plans to plant maize on 500,000 acres idle public land

Investor Empires

goods The state plans to grow corn on 500,000 acres of idle public land Friday, April 14, 2023 Cabinet Secretary of Agriculture Mithika Lintori. photo | Lucy Wanjiru | NMG The Department of Agriculture will fund major…