National ID Program Goes Commercial, Joins EIH Portfolio as State-Owned Enterprise
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.
Why it matters
The transition to a state-owned enterprise model signals a strategic shift toward digitizing national identity systems to support economic development and public service delivery.
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.
The new enterprise is mandated to develop, operate, and scale Digital Public Infrastructure (DPI) solutions.
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