The crash in the price of oil has hit Angola hard. Hospitals across the country are low on resources, including medicines. There are food shortages in the North, drought in the South. From Cabinda to Namibe, empty shelves in the stores attest to the government’s lack of response. If people are facing such serious difficulties in their day-to-day lives (in the so-called ‘micro’ economy) matters are no better on the macroeconomic scale where double-digit inflation is taking its toll. According to the National Institute of Statistics, inflation in the capital Luanda was running at 1.4% between September and October 2015. Additionally, in the first months of 2016, the Kwanza has been devalued by 26%. The reason for all this is the low price of oil. According to the United Nations Development Program, Angola has the least diversified economy in the world after Iraq. Any fall in the price of […]