The government of Angola has appointed a team to assist in reorganising the oil sector and state owned Sonangol as it grapples with the fall in the price of crude oil.

The team is to include the minister of state, minister of petroleum, minister of finance, the governor of the central bank and officials of Sonangol, President Jose Eduardo dos Santos declared in a statement.

Oil production represents 40% of the country’s GDP and about 95% of export revenue. Nevertheless the falling oil prices, have spoiled the kwanza currency, hammered public finances and also driven the government to borrow heavily.

It is however expected of the team to develop ways to improve Sonangol and other parts of the sector.

The Vice President Manuel Vicente had recentlytold parliament that although the country Sub-Saharan Africa's third largest economy is not tilting into recession, its growth will be slow.

The International Monetary Fund (IMF) had also in August forecasted Angola’s economic growth to about 3.5% a year between 2015 and 2016 from about 4% in 2014.