Under the deal, both companies will implement a development plan to create a portfolio of power assets in Africa worth over $500 million.
The company did not disclose the value of the deal of the size of the stake it acquired in FBA.
PostNet provides courier, printing and copying services, plus stationery and mailboxes, and has 287 stores in South Africa.
Under the grant, Jeddah-based IDB will setup treatment centres in Sierra Leone, Guinea and Liberia and Mali.
The Algerian minister reiterated that oil prices were down because of low consumption and high supplies especially from non-OPEC petroleum-producing nations.
The duty free shopping centre, situated in Lagos, is scheduled to be completed by 2016.
The British Embassy in Cairo closed to the public on Sunday, also citing security concerns.
The company has invested up to $10.6 million to raise its stake in Block C1-27, an oilfield situated in Cote d’Ivory.
The lender said it charged them excessive foreign currency fees on debit and credit card transactions.
Africa’s fast growing economies have transformed the continent into a booming frontier market, but risk is still a primary concern for GCC investors.
The African nation hopes to get shipments as early as next year to use in generating power.
The Japanese electronics company aims to grow its overall business in MEA to over $1 billion.
A UN official has said a “20-fold increase” in the global response is needed to combat the spread of Ebola compared to efforts at the end of August.
Libstar operates across South Africa through manufacturing, supply and distribution and employs about 4,200 people.
The deadly epidemic has killed more than 3,400 people since it began in West Africa in March.
The office adds to DCCI’s presence in the Ethiopian capital Addis Ababa.
The Dubai-based port operator has been accused of bribery by the Djibouti government.
Dubai carrier appoints senior managers but will provide no equity.
Gulf states have provided $30 billion in funding over the last decade to develop African infrastructure, a study says.
The current death toll is at least 2,811 out of the reported 5,864 cases, according to the WHO.
Abu Dhabi firm Trojan General Contracting committed investments worth $16 billion in various infrastructure projects in West Africa.
The Ebola virus has claimed over 1,900 lives since the outbreak began in West Africa late last year. Is enough being done to stop its lethal spread?
The stake will consist of current outstanding ordinary shares and the conversion of QNB’s convertible preference shares.
Libya’s oil production rose significantly during the last two months but experts say the ongoing internal conflict could be counterproductive.
Marriott saw occupancy rise 4.4 per cent and RevPar increase by 3.9 per cent in the Middle East and Africa region during Q2.
The carrier, which is part-owned by Air France-KLM, flies a total of seven times a week to Monrovia and Freetown through Accra.
Doha airline will serve capital Asmara twice weekly from December
The ministry of foreign affairs issued the warning citing security concerns in the three countries.
The Ebola outbreak in West Africa, that has killed 932 people so far, could be one of the biggest challenges this year for some airlines, said IATA.
The Ebola outbreak, which began in Guinea and has spread to Liberia and Sierra Leone, has killed more than 700.