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Our friends at Hassan Allam Holding are pushing into the B2C real estate market, launching Phase 1 of their first mixed-use, single-family community in East Cairo through its real estate arm Grova Developments, according to a statement. Construction is already underway, backed by a USD 550 mn turnkey contract awarded to Hassan Allam Construction back in October 2025.
Why it matters: Hassan Allam is leveraging its 90 years of infrastructure experience to directly enter the consumer real estate market.
A mutual fund in your pocket
Our friends at Beltone Asset Management partnered with fintech platform Telda to allow users to buy into Beltone’s investment products and mutual funds directly through the app — with redeemed proceeds paid straight to the Telda card, Beltone said in a statement. The arrangement carries zero subscription or commission fees, except for the precious metals funds. Telda users can open an investment account using their national ID, with no branch visit or paperwork.
SPE Capital back for pharma
Africa-focused private equity firm SPE Capital led a consortium to acquire a stake in local ophthalmic drug maker Orchidia Pharma Industries. The move was backed by a USD 20 mn equity ticket from the European Bank for Reconstruction and Development alongside co-investors Proparco and the Belgian Investment Company for Developing Countries, according to a project profile from the lender. The fresh capital will help the company expand its product offering and boost its export footprint across the Middle East and Africa.
REMEMBER- This is SPE Capital’s second investment in Orchidia, having previously backed the company from 2013 to 2017 through another managed vehicle.
