new, privately-built formal house in Ethiopia
cost $68,783 in 2013, according to the Centre
for Affordable Housing Finance in Africa, a
South African non-profit organisation. A 100
square metre state-subsidised apartment sold
for $16,600, 35 times the average Ethiopian’s
earnings (by comparison, in Britain the ratio is
around five times). Even in Mali the cheapest
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November 2015
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