Ethiopia has recently transferred ownership of ten state-owned companies to its sovereign wealth fund in order to improve their management.

These companies, including Ethiopian Electric Power, Ethiopian Railway Corporation, and the Development Bank of Ethiopia, are responsible for overseeing important infrastructure projects such as the Ethio-Djibouti railway and the Great Ethiopian Renaissance Dam, as well as managing 13 industrial parks.

This move is part of the Ethiopian government's broader efforts to enhance operational efficiency and drive economic growth by effectively managing its state assets.