The Reporter Magazine·2 min read·medium
National ID Program Goes Commercial, Joins EIH Portfolio as State-Owned Enterprise
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The Reporter Magazine
✦AI Summary
Ethiopia’s National ID Program has been restructured as a state-owned enterprise named 'Faydaverse' under the Ethiopian Investment Holdings portfolio. The initiative aims to scale digital public infrastructure and improve commercial sustainability.
Ethiopia’s National ID Program has entered a new phase with its establishment as “Faydaverse,” a State-Owned Enterprise (SOE) under the portfolio of Ethiopian Investment Holdings (EIH), with its official inauguration taking place today, August 4, 2026.
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