Tanzania

Tanzania’s central bank said on Friday it had taken over the management of a bank accused by the US government of large-scale money laundering.

The Central Bank of Cyprus on Wednesday announced the suspension of all operations of the Cypriot branches of Tanzania-based bank FBME until Friday, with sources saying a possible extension of the suspension by another two days is likely.

Cyprus was looking for buyers to take over branches on the island of Tanzania-based bank FBME, which faces a US money-laundering probe, after placing the operation under administration.

Cyprus’s central bank took control of the Cypriot branch of a Tanzanian-based bank on Friday, a day after the United States called it a “financial institution of primary money-laundering concern.”

The Central Bank of Cyprus said that acting under the authority given to it by law, it had assumed the administration of operations of the FBME Bank branch on the island from Friday.

Sixteen-year-old student Alexandra Marcu of Deva, western Romania, will be awarded the 2013 Explorer of the Year title by Romania's Geographic Society as the youngest recipient.

Orson Wells was at least partly right when he said: “Popularity should be no scale for the election of politicians. If it would depend on popularity, Donald Duck and The Muppets would take seats in the Senate.” Unfortunately, we don’t yet have a better instrument for democracy than the ballot box.

A humanitarian tragedy in Tanzania is added to the list of Turkey’s foreign policy priorities as the efforts to become a non-permanent member of the UN Security Council becomes more visible An ongoing humanitarian tragedy in Tanzania is now an item on a long and diverse list of Turkey’s foreign policy priorities as the country’s hectic efforts to become a non-permanent member of th