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📢Day 7/100: Tackling Data Availability in Ethiopia

Building a credit scoring model in Ethiopia has challenges, especially regarding data. 📊

Key hurdles I’m exploring:

1️⃣ Data scarcity: Formal credit histories are rare, but eCommerce and mobile money data offer untapped potential.

2️⃣ Local partnerships: Collaborating with fintechs to access anonymized transaction data.

3️⃣ Privacy compliance: Ensuring data protection laws are adhered to while innovating responsibly.

💡 Question of the day: Are there alternative sources of financial data that have worked well in other emerging markets?

#DataChallenges #Ethiopia #FintechInnovation #AlternativeData #PrivacyByDesign



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📢Day 7/100: Tackling Data Availability in Ethiopia

Building a credit scoring model in Ethiopia has challenges, especially regarding data. 📊

Key hurdles I’m exploring:

1️⃣ Data scarcity: Formal credit histories are rare, but eCommerce and mobile money data offer untapped potential.

2️⃣ Local partnerships: Collaborating with fintechs to access anonymized transaction data.

3️⃣ Privacy compliance: Ensuring data protection laws are adhered to while innovating responsibly.

💡 Question of the day: Are there alternative sources of financial data that have worked well in other emerging markets?

#DataChallenges #Ethiopia #FintechInnovation #AlternativeData #PrivacyByDesign

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READ MORE In 2014, Pavel Durov fled the country after allies of the Kremlin took control of the social networking site most know just as VK. Russia's intelligence agency had asked Durov to turn over the data of anti-Kremlin protesters. Durov refused to do so. Telegram was co-founded by Pavel and Nikolai Durov, the brothers who had previously created VKontakte. VK is Russia’s equivalent of Facebook, a social network used for public and private messaging, audio and video sharing as well as online gaming. In January, SimpleWeb reported that VK was Russia’s fourth most-visited website, after Yandex, YouTube and Google’s Russian-language homepage. In 2016, Forbes’ Michael Solomon described Pavel Durov (pictured, below) as the “Mark Zuckerberg of Russia.” Soloviev also promoted the channel in a post he shared on his own Telegram, which has 580,000 followers. The post recommended his viewers subscribe to "War on Fakes" in a time of fake news. Crude oil prices edged higher after tumbling on Thursday, when U.S. West Texas intermediate slid back below $110 per barrel after topping as much as $130 a barrel in recent sessions. Still, gas prices at the pump rose to fresh highs.
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