Ethiopia’s Faydaverse Integrates into the Sovereign Wealth Fund Portfolio

Ethiopia has officially transitioned its National ID Program into a State-Owned Enterprise (SOE) named Faydaverse. The newly established entity has been integrated into the portfolio of the Ethiopian Investment Holdings (EIH), the nation’s sovereign wealth fund, marking a significant evolution from a government project into a commercially sustainable, institutionalized body. Announced during an inauguration event […]