Federal Competition and Consumer Protection Commission

Regulator · NI · 2 documents

Key number

sixty-nine applications

Unlicensed loan applications blocked in November 2024. East African Journal of Law and Ethics p.3

Key number

one million shillings

Daily non-compliance penalty under 2025 amendments. East African Journal of Law and Ethics p.8

Key number

ten per cent%

Malawi digital loan rate. IIAR Journal of Economics Finance and Development Studies p.2

A Critical Analysis of the Legal and Ethical Challenges of Digital Lending Applications in Tanzania: A Doctrinal Analysis with Comparative Reference to Nigeria

Research paperEast African Journal of Law and EthicsNovember 202615 pages

Regulators actively enforced rules by blocking sixty-nine unlicensed loan applications in November 2024.

Algorithmic Credit Scoring and Financial Inclusion: A Theoretical Framework of Information, Exclusion and Over-Indebtedness in Digital Lending Markets

Research paperIIAR Journal of Economics Finance and Development StudiesOctober 202611 pages

In Malawi, digital loan borrowers faced borrowing terms of ten per cent over fifteen days, where financial literacy training failed to improve timely repayment rates.