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Petroleum Products: Complex and Shoddy Taxing System

By Tanu Jalloh The Petroleum Unit (PU), which falls under the control of the Trade and Industry ministry, is responsible for downstream petroleum activities refining to marketing, although there is currently no refining. It is the regulatory body for the oil marketing companies (OMCs) who import and wholesale to distributors petrol, diesel, kerosene and heavy fuel (used for ....

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Oil wealth in a nascent industry

By Tanu Jalloh Sierra Leone has struck a couple of deals with potential investors, craving for the nascent oil industry. Diamonds have failed to raise the money the small West African country needed so badly to grease a cog in the wheels of what was largely a puerile economy. It was at the mercy of the powerful, while democratic rule nurtured its way through a defiant system, ....

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Going beyond the extractive industries

By Tanu Jalloh A survey report released by Ernst & Young (EY) on May 6, 2013 in Johannesburg, South Africa has justified the need for natural resource-rich countries in Africa to go beyond that wealth. EY is one of the largest professional service firms in the world and one of the ‘big four’ accounting firms, along with Deloitte, KPMG and PricewaterhouseCoopers (PwC). ....

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The economics in women's development

The economics in women's development
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