South Africa-based Naspers is assessing investment opportunities in Egypt and elsewhere.

Naspers South Africa CEO Phuthi Mahanyele-Dabengwa told CNBC Africa that the company was “continuously looking at” opportunities.

“Beyond South Africa itself, we are busy with some startups in Egypt as an example,” Mahanyele-Dabengwa said, responding to a question about investment opportunities in Africa.

“As a business, we do a lot of mergers and acquisitions, so we are continuously looking at opportunities. We tend to invest in early stage and scale up with the business.”

Property Finder, Dubizzle, Imena Group and Contact Financial Holding are the main classifieds and marketplaces operators in Egypt.

Internationally, Naspers operates through its Netherlands-based subsidiary Prosus, which has a portfolio of more than 80 investments across more than 100 markets.

In its domestic market, Naspers operates auto marketplace AutoTrader.co.za and property marketplace Property24.com, among other businesses.

Naspers’ consolidated revenue grew by 14% year on year to $3.0 billion in the six months to September (H1 FY 2024). The company reduced its trading loss to $124 million in H1 FY 2024 from $365 million in H1 FY2023, according to its latest financial reporting.

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