Nigeria has been ranked as the third-largest recipient of United States foreign aid in Sub-Saharan Africa, according to a new analysis by Cable Index.

The report, which tracked aid disbursements across 20 African nations as of September 2025, shows that Nigeria received a total of $516.69 million in U.S. assistance. The country trails Ethiopia and the Democratic Republic of Congo (DRC), which received $617.35 million and $571.35 million, respectively.

According to the analysis, U.S. foreign assistance remains largely directed toward humanitarian relief, health care programs, education, and governance initiatives aimed at strengthening democratic institutions and promoting stability across Africa.

Other notable beneficiaries include Sudan ($514.55 million), Kenya ($402.84 million), Somalia ($402.57 million), and Mozambique ($325.41 million). At the lower end of the chart, Ghana ranked 20th with $114.56 million in disbursements.

The findings underscore Washington’s ongoing engagement with African nations through development aid and humanitarian partnerships.

Below is the full list of U.S. foreign aid recipients as of September 2025:

1. Ethiopia – $617.35m

2. Democratic Republic of Congo – $571.35m

3. Nigeria – $516.69m

4. Sudan – $514.55m

5. Kenya – $402.84m

6. Somalia – $402.57m

7. Mozambique – $325.41m

8. Uganda – $324.17m

9. South Sudan – $308.43m

10. Tanzania – $288.80m

11. Zambia – $214.42m

12. Senegal – $205.74m

13. Burkina Faso – $202.22m

14. Mali – $183.07m

15. Malawi – $181.98m

16. Zimbabwe – $173.48m

17. South Africa – $166.08m

18. Niger – $162.08m

19. Côte d’Ivoire – $129.59m

20. Ghana – $114.56m

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Upon his arrival at Bole International Airport, Vice President Shettima was received by Ethiopia’s Minister of Foreign Affairs, Dr. Gedion Timothewos, and other senior government officials.

Shortly after the reception, the Vice President proceeded to a high-level meeting with Ethiopian Prime Minister, Dr. Abiy Ahmed. The closed-door engagement focused on areas of mutual interest, including regional stability, trade expansion, and strategic partnerships between both countries.

Vice President Shettima also signed the official state guest register and was hosted on a guided tour of the Ethiopian National Palace Museum—an iconic symbol of the country’s imperial history and cultural heritage.

Housed within the Grand Palace complex, the museum showcases an extensive collection of historical artefacts, including vintage automobiles, royal regalia, and diplomatic gifts exchanged with world leaders. Built in 1955 to commemorate Emperor Haile Selassie’s Silver Jubilee, the palace served as his final residence before the 1974 revolution.

The visit underscores Nigeria’s commitment to reinforcing regional cooperation within Africa and marks another step toward building stronger bilateral relations with Ethiopia in trade, diplomacy, and cultural exchange.

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According to the 2025 Global Housing Affordability Index published by Numbeo, Ethiopia and Cameroon rank among the top three most unaffordable housing markets globally—trailing only behind Syria—based on their high Price-to-Income Ratios (PIR). The PIR is a key indicator that compares the cost of a typical home to a country’s median annual household income.

The report reveals that in both Ethiopia and Cameroon, it would take more than 46 years of average earnings for a citizen to afford a standard home, underscoring an affordability crisis deepening across parts of Africa.

Below is the list of the eight African countries with the highest PIRs in 2025:

Real estate analysts point to a mix of structural issues behind the trend, including limited access to mortgage financing, a surge in luxury property development, and chronic undersupply of affordable housing units.

In Ethiopia’s capital, Addis Ababa, the oversaturation of high-end apartments and villas has led to declining investor confidence and lengthening sales cycles. Despite hosting major continental institutions, the city’s administration has only managed to repay less than 2% of a 25.85 billion birr bond borrowed from the Commercial Bank of Ethiopia for housing projects.

“The market is flooded with properties that ordinary citizens simply cannot afford,” said real estate developer Ermias Amelga. “Developers targeted speculative buyers and now many of them are offloading assets at reduced prices as demand stalls.”

In Cameroon, similar patterns are emerging, with urban housing developments increasingly catering to wealthier buyers, leaving middle- and low-income earners priced out.

Meanwhile, South Africa recorded the most favorable PIR on the continent at just 3.2—suggesting a relatively healthier balance between home prices and household earnings, largely due to more developed mortgage systems and policy efforts to support lower-income housing.

Experts warn that unless governments prioritize affordable housing through policy reform, public investment, and credit support mechanisms, the housing gap will continue to widen—threatening social stability and economic inclusion in many African countries.

As the continent’s urban population continues to grow, the issue of housing affordability is expected to take center stage in regional development agendas.

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Speaking at the State House in Abuja on Thursday while receiving Letters of Credence from four envoys, including the High Commissioner of Canada to Nigeria, Pasquale Salvaggio, and the High Commissioner of Sierra Leone, Dr. Julius F. Sandy, Tinubu praised the achievements of Nigerians in the diaspora.

The Canadian High Commissioner highlighted the contributions of Nigerians in Canada across various fields such as education, sports, science, health, and business. He noted that Nigerians in Canada exhibit responsibility and purposefulness, further strengthening bilateral relations.

“Nigeria is a key partner for us. You are the largest country in Africa, with one of the largest economies and our biggest trading partner on the continent,” Salvaggio stated.

He also emphasized Canada’s interest in expanding cooperation with Nigeria in oil and gas, ICT, and agriculture.

In a separate meeting with the Sierra Leonean High Commissioner, Tinubu reaffirmed Nigeria’s commitment to regional development, stressing the longstanding ties between both nations. The envoy expressed gratitude for Nigeria’s support in Sierra Leone’s growth and stability.

President Tinubu also received Letters of Credence from Legesse Geremew Haile, Ethiopia’s Ambassador to Nigeria, and Archbishop Michael Francis Crotty, the Apostolic Nuncio of the Vatican.

Discussing Nigeria-Ethiopia relations, Tinubu emphasized the need for African nations to work together in addressing insecurity, which he described as a major obstacle to development.

“We need to work hard to promote peace and stability. Insecurity detracts from development, and only Africans can bring peace to the continent,” Tinubu said.

The Vatican envoy, Archbishop Crotty, received commendation for the Catholic Church’s contributions to education and poverty alleviation in Nigeria, with Tinubu recognizing education as a crucial tool in fighting poverty and ignorance.

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The announcement was made during the opening of the much-anticipated Big 5 Construct Ethiopia 2024 Expo in Addis Ababa, as reported by the Ethiopian News Agency (ENA).

Prominent Attendees Highlight Industry Growth

The event, themed “Construct Ethiopia,” was attended by notable figures including Speaker of the House of People’s Representatives Tagesse Chaffo, Addis Ababa Mayor Adanech Abebe, Minister of Urban Affairs and Infrastructure Chaltu Sani, and other key industry stakeholders. The expo underscored the impressive growth of Ethiopia’s construction sector.

Deputy Prime Minister’s Address

Deputy Prime Minister Temesgen emphasized that the construction industry is projected to grow at an annual rate of over 8%, significantly contributing to the country’s prosperity. He highlighted the sector’s crucial role in infrastructure development and job creation, noting that Ethiopia is capable of supplying 80% of construction materials domestically.

READ ALSO: Ethiopia’s Prime Minister Kickstarts Construction of New Housing Complex

Call for Coordination and Development

Minister of Urban Affairs and Infrastructure Chaltu Sani stressed the importance of coordination among various stakeholders to ensure the sustained development of the construction industry, a key driver of Ethiopia’s economic transformation.

Big 5 Construct Ethiopia 2024 Expo

The Big 5 Construct Ethiopia 2024 exhibition, organized by the Ministry of Urban Development and Infrastructure and the Ethiopian Construction Works Corporation, aims to provide a platform for local and international construction companies to showcase their products, services, and innovative solutions.

READ ALSO: Ethiopia’s Prime Minister Announces Plans to Allow Foreign Ownership of Real Estate

The three-day event is expected to attract over 9,000 industry professionals and feature more than 150 exhibitors from 30 countries, including Ethiopia, Germany, Italy, Turkey, China, India, Saudi Arabia, the United Arab Emirates, Algeria, Oman, and Qatar.

Opportunities for Knowledge Exchange and Networking

In addition to the exhibition, the event will host several professional panels and discussions on engineering, project management, technology, infrastructure, and architecture, offering valuable opportunities for knowledge exchange and networking within the industry.

The post Construction Sector Boosts Ethiopia’s GDP to 21% appeared first on Housing TV Africa.

In a meeting with business executives broadcast on state media, Abiy announced that a law allowing foreigners to own property is in its final stages of drafting.

This move is part of Ethiopia’s efforts to attract foreign investment and shore up its finances amid economic challenges.

READ ALSO: How Real Estate Can Improve Nigeria’s Economy

Abiy also stated the government’s intention to ease restrictions in the retail sector, allowing international players to operate alongside Ethiopian businesses. These reforms aim to stimulate economic growth and create a more competitive business environment in Ethiopia.

The country, with a population of about 120 million, is facing significant economic challenges, including high external debt, inflation, and a shortage of foreign currency reserves. Abiy’s government has been pursuing economic reforms since coming to power in 2018, but progress has been slow.

READ ALSO: Obaseki Extols NIESV for Sustaining Professionalism in Real Estate Sector

Despite the challenges, Ethiopia has made some strides in opening up its economy.

It recently issued a telecommunications license to Kenyan telecoms giant Safaricom and announced plans to sell a stake in the state-owned Ethio Telecom.

The government has also expressed its intention to allow foreign investment in the banking sector, signaling a continued commitment to economic liberalization.

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