{"id":665918,"date":"2025-05-26T00:00:00","date_gmt":"2025-05-26T00:00:00","guid":{"rendered":"https:\/\/enterpriseam.com\/egypt\/2025\/05\/26\/canadas-borna-plans-to-set-up-usd-40-mn-factory-for-decarbonization-tech\/"},"modified":"2025-05-26T00:00:00","modified_gmt":"2025-05-26T00:00:00","slug":"canadas-borna-plans-to-set-up-usd-40-mn-factory-for-decarbonization-tech","status":"publish","type":"post","link":"https:\/\/enterpriseam.com\/egypt\/2025\/05\/26\/canadas-borna-plans-to-set-up-usd-40-mn-factory-for-decarbonization-tech\/","title":{"rendered":"Canada\u2019s Borna plans to set up USD 40 mn factory for decarbonization tech"},"content":{"rendered":"<p class=\"tag-border-left\">CLIMATE-<\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"> <strong>Canada\u2019s Bo<\/strong><strong>rn<\/strong><strong>a<\/strong><strong> eyes USD 40 mn decarbonization tech facility:<\/strong> Canada-based clean-tech firm Borna plans to invest USD 40 mn to set up a facility focused on manufacturing flare gas recovery systems, carbon separation technologies, and reinjection solutions for the Egyptian natural gas network, according to a <a target=\"_blank\" href=\"https:\/\/www.facebook.com\/share\/p\/16ycFxjJkQ\/\" style=\"\" rel=\"noopener\">statement<\/a> by the General Authority of Investments and Freezones. The company aims to help contracted partners tap into Egypt\u2019s carbon market, while also supporting exporters\u2019 compliance with the EU\u2019s Carbon Border Adjustment Mechanism (CBAM).<\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\">(<strong>Tap or click the headline above to read this story with all of the links <\/strong>to our background as well as external sources.)<\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\">\n<p class=\"tag-border-left\">BANKING- <\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>Banks to trim rates on high-interest CDs?<\/strong> Banque Misr and the National Bank of Egypt will see their Asset-Liability Committees meet to review interest rates on certificates of deposit (CDs), according to statements seen by EnterpriseAM. The move follows the central bank\u2019s latest <a target=\"_blank\" href=\"https:\/\/enterprise.news\/egypt\/en\/news\/story\/2a14e89a-ecd2-4279-9309-ff06b2750da5\/cbe-cuts-rates-for-second-time-amid-easing-inflationary-pressures\" style=\"\" rel=\"noopener\">interest rate cut<\/a>. <\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>REMEMBER- <\/strong>The two state-owned lenders <a target=\"_blank\" href=\"https:\/\/enterprise.news\/egypt\/en\/news\/story\/bff6fdce-183d-46aa-82a7-1362e7f1f8d2\/banque-misr-halts-issuance-of-high-interest%253cmark%253e-cds%253c%2Fmark%253e-in-wake-of-interest-rate-cut.-plus:-grande-sabbour-%2B-sarat-investments,-dragon-oil,-irsc,-platformance\" style=\"\" rel=\"noopener\">cut rates on their CDs<\/a> last month shortly after the central bank announced its first rate cut in years. <\/p>\n","protected":false},"excerpt":{"rendered":"<p>PLUS- Banque Misr and the National Bank of Egypt could soon cut interest rates on CDs<\/p>\n","protected":false},"author":1,"featured_media":665919,"comment_status":"closed","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"_acf_changed":false,"newspack_ads_suppress_ads":false,"newspack_popups_has_disabled_popups":false,"newspack_sponsor_sponsorship_scope":"","newspack_sponsor_native_byline_display":"inherit","newspack_sponsor_native_category_display":"inherit","newspack_sponsor_underwriter_style":"inherit","newspack_sponsor_underwriter_placement":"inherit","ep_exclude_from_search":false,"_primary_brand":0,"newspack_featured_image_position":"","newspack_post_subtitle":"","newspack_article_summary_title":"Overview:","newspack_article_summary":"","newspack_hide_updated_date":false,"newspack_show_updated_date":false,"_jetpack_memberships_contains_paid_content":false,"footnotes":""},"categories":[7209],"tags":[111,204,576,72,248],"brand":[],"newspack_spnsrs_tax":[],"class_list":["post-665918","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-also-on-our-radar","tag-also-on-our-radar","tag-banking","tag-banque-misr","tag-enterpriseam","tag-national-bank-of-egypt","wpautop","entry"],"acf":{"mongo_id":"7e2c76df-3552-458b-8aea-229a108f3647","order":"13","is_powered_by":true,"story_type":"1","photo_url":"https:\/\/ent.news\/2025\/1\/1261.jpg","photo_position":"above","homepage_title":"","full_issue_title":"Canada\u2019s Borna plans to set up USD 40 mn factory for decarbonization tech","related_issue":[665895],"teaser":"PLUS- Banque Misr and the National Bank of Egypt could soon cut interest rates on CDs","voice_url":"https:\/\/s3.us-east-1.amazonaws.com\/ent.news\/audio\/2025\/5\/.2afafe00-c020-480b-97d2-dbc09d6f28dc.mp3"},"yoast_head":"<!-- This site is optimized with the Yoast SEO Premium plugin v27.1 (Yoast SEO v27.1.1) - 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CIB, Banque du Caire, and Arab African International Bank will provide USD 30 mn each, and the remaining USD 10 mn will be\u2026","rel":"","context":"In &quot;Also on our Radar&quot;","block_context":{"text":"Also on our Radar","link":"https:\/\/enterpriseam.com\/egypt\/category\/also-on-our-radar\/"},"img":{"alt_text":"","src":"https:\/\/i0.wp.com\/ent.news\/internal\/536550.png?resize=350%2C200&ssl=1","width":350,"height":200},"classes":[]},{"id":591808,"url":"https:\/\/enterpriseam.com\/egypt\/2019\/12\/17\/evergrow-to-receive-usd-150-mn-loan-to-restructure-debts\/","url_meta":{"origin":665918,"position":1},"title":"Evergrow to receive USD 150 mn loan to restructure debts","author":"enterpriseam admin","date":"17 December 2019","format":false,"excerpt":"Egyptian fertilizer manufacturer Evergrow has reached an agreement with four local banks for a USD 150 mn loan to restructure its debts, banking sources told Al Shorouk. The company borrowed USD 200 mn from the National Bank of Egypt (NBE), Banque Misr, and the Arab African International Bank (AAIB) to\u2026","rel":"","context":"In &quot;Banking + Finance&quot;","block_context":{"text":"Banking + Finance","link":"https:\/\/enterpriseam.com\/egypt\/category\/banking-finance\/"},"img":{"alt_text":"","src":"https:\/\/i0.wp.com\/ent.news\/internal\/536550.png?resize=350%2C200&ssl=1","width":350,"height":200},"classes":[]},{"id":573676,"url":"https:\/\/enterpriseam.com\/egypt\/2020\/08\/13\/ebrd-extends-further-usd-100-mn-for-trade-facilitation-in-egypt\/","url_meta":{"origin":665918,"position":2},"title":"EBRD extends further USD 100 mn for trade facilitation in Egypt","author":"enterpriseam admin","date":"13 August 2020","format":false,"excerpt":"DEBT WATCH- EBRD extends another USD 100 mn for trade finance through Banque Misr: The European Bank for Reconstruction and Development (EBRD) has approved another USD 100 mn facility to increase an existing trade finance limit to state-owned Banque Misr to help meet increased demand for import and export transactions,\u2026","rel":"","context":"In &quot;Speed Round&quot;","block_context":{"text":"Speed Round","link":"https:\/\/enterpriseam.com\/egypt\/category\/speed-round\/"},"img":{"alt_text":"","src":"https:\/\/i0.wp.com\/ent.news\/internal\/536550.png?resize=350%2C200&ssl=1","width":350,"height":200},"classes":[]},{"id":569417,"url":"https:\/\/enterpriseam.com\/egypt\/2020\/02\/24\/banque-misr-looks-to-borrow-usd-250-mn-for-africa-expansion\/","url_meta":{"origin":665918,"position":3},"title":"Banque Misr looks to borrow USD 250 mn for Africa expansion","author":"enterpriseam admin","date":"24 February 2020","format":false,"excerpt":"Banque Misr eyes USD 250 mn loan for SME finance: Banque Misr is in talks with two unnamed international institutions for a USD 250 mn loan to increase its SME financing in Egypt, Chairman Mohamed El Etreby tells Bloomberg. The bank recently signed an agreement with the European Investment Bank\u2026","rel":"","context":"In &quot;Speed Round&quot;","block_context":{"text":"Speed Round","link":"https:\/\/enterpriseam.com\/egypt\/category\/speed-round\/"},"img":{"alt_text":"","src":"https:\/\/i0.wp.com\/ent.news\/2020\/2\/297.jpg?fit=%2C&ssl=1&resize=350%2C200","width":350,"height":200},"classes":[]},{"id":585672,"url":"https:\/\/enterpriseam.com\/egypt\/2023\/04\/27\/more-ebrd-finance-in-the-works-for-banque-misr\/","url_meta":{"origin":665918,"position":4},"title":"More EBRD finance in the works for Banque Misr","author":"enterpriseam admin","date":"27 April 2023","format":false,"excerpt":"The finance would be on-lent to Egyptian MSMEs","rel":"","context":"In &quot;Also on our Radar&quot;","block_context":{"text":"Also on our Radar","link":"https:\/\/enterpriseam.com\/egypt\/category\/also-on-our-radar\/"},"img":{"alt_text":"","src":"https:\/\/i0.wp.com\/ent.news\/2023\/4\/904.jpg?fit=%2C&ssl=1&resize=350%2C200","width":350,"height":200},"classes":[]},{"id":587527,"url":"https:\/\/enterpriseam.com\/egypt\/2023\/05\/29\/banque-misr-could-soon-get-a-usd-260-mn-loan-from-ifc\/","url_meta":{"origin":665918,"position":5},"title":"Banque Misr could soon get a USD 260 mn loan from IFC","author":"enterpriseam admin","date":"29 May 2023","format":false,"excerpt":"The bank will use the loan for on-lending to local MSMEs and women-owned SMEs","rel":"","context":"In &quot;DEBT WATCH&quot;","block_context":{"text":"DEBT WATCH","link":"https:\/\/enterpriseam.com\/egypt\/category\/debt-watch\/"},"img":{"alt_text":"","src":"https:\/\/i0.wp.com\/ent.news\/2023\/5\/1533.jpg?fit=%2C&ssl=1&resize=350%2C200","width":350,"height":200},"classes":[]}],"_links":{"self":[{"href":"https:\/\/enterpriseam.com\/egypt\/wp-json\/wp\/v2\/posts\/665918","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/enterpriseam.com\/egypt\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/enterpriseam.com\/egypt\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/enterpriseam.com\/egypt\/wp-json\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/enterpriseam.com\/egypt\/wp-json\/wp\/v2\/comments?post=665918"}],"version-history":[{"count":0,"href":"https:\/\/enterpriseam.com\/egypt\/wp-json\/wp\/v2\/posts\/665918\/revisions"}],"acf:post":[{"embeddable":true,"href":"https:\/\/enterpriseam.com\/egypt\/wp-json\/wp\/v2\/issue\/665895"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/enterpriseam.com\/egypt\/wp-json\/wp\/v2\/media\/665919"}],"wp:attachment":[{"href":"https:\/\/enterpriseam.com\/egypt\/wp-json\/wp\/v2\/media?parent=665918"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/enterpriseam.com\/egypt\/wp-json\/wp\/v2\/categories?post=665918"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/enterpriseam.com\/egypt\/wp-json\/wp\/v2\/tags?post=665918"},{"taxonomy":"brand","embeddable":true,"href":"https:\/\/enterpriseam.com\/egypt\/wp-json\/wp\/v2\/brand?post=665918"},{"taxonomy":"newspack_spnsrs_tax","embeddable":true,"href":"https:\/\/enterpriseam.com\/egypt\/wp-json\/wp\/v2\/newspack_spnsrs_tax?post=665918"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}