Tag: IMCongo



Frontier Digital Ventures exists from IMCongo

Frontier Digital Ventures (FDV) informed the Australian Securities Exchange (ASX), where it is listed, that it had divested from IMCongo, a 4-language, real estate site in the Democratic Republic of Congo. In 2016, Frontier invested $175,000 U.S. and 332,500 FDV shares via a share sale agreement for a 65.9-percent controlling stake in IMCongo. In H1 of FY2017, IMCongo generated revenue of $10,924 AUD (on a 100-percent...

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Encuentra24 performance indicators

FDV explains how it makes investment decisions

Frontier Digital Ventures (ASX: FDV) recently announced it will exercise an option to increase its ownership in general classifieds site Encuentra24 (operating in Central America) from 38.7 percent to 42.1 percent for a cash payment of $1.1 million U.S. out of FDV’s existing cash reserves. This is the second time in about six months that FDV injected capital into the site. In December last year,...

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