Angola is at a critical juncture as its government sees a bleak year ahead as the continued oil price slump has made it halve its 2016 growth forecast. The oil sector, on which the country is heavily dependent, has seen a few major changes with the national oil company Sonangol recently suspending all talks on the sale of its assets. Sonangol, the country’s biggest company, was overhauled last month, with Angolan President Jose Eduardo dos Santos appointing his daughter Isabel dos Santos as its head. The finance ministry said in a statement late Monday that due to the sharp fall in prices earlier this year it has cut its GDP growth forecast for this year to 1.3% from its previous estimate of 3.3%. Angola’s GDP growth was 4% last year, ministry data showed. The ministry also said its 2016 expenditure was reduced from $30 billion to $24 billion, which […]