New Vision Uganda

1 day ago | newvision.co.ug | Ali Twaha

KAMPALA - Commodity dollar inflows and subdued demand from players saw the Uganda shilling continue to trade flat against the Greenback on Tuesday, traders said. The local currency closed Tuesday’s session unchanged at 3655/3665 levels. Money markets were liquid according to Absa, with overnight and one-week trades averaging at 10.97% and 11.39%, respectively.

1 day ago | newvision.co.ug | Ali Twaha

_________________The Bank of Uganda (BOU) left its benchmark interest rate unchanged at 9.75% on Tuesday for the seventh month running as it balances concerns over global economic uncertainty and inflation. The BOU’s Monetary Policy Committee (MPC) said the decision reflects heightened risks abroad even as domestic inflation remains subdued. “Our outlook is surrounded by heightened uncertainty.

2 days ago | newvision.co.ug | Ali Twaha

________________The Uganda shilling was little changed on Monday as dollar appetite continued to wane ahead of the monetary policy committee announcement on Tuesday. The local unit traded at 3655/3665 levels all day. The Bank of Uganda (BOU) is scheduled to issue a monetary policy statement that is likely to determine the direction of the market. The BOU has held the central bank rate at 9.75 over the last seven months.

2 days ago | newvision.co.ug | Ali Twaha

________________Quality Chemical Industries Limited (QCIL) reported a 28% rise in net profit to sh40.65b for the fiscal year ending March 2025, driven by tighter cost controls and a one-time recovery of overdue payments. Revenue edged up 0.7% to sh267b while cost of sales fell 10% to sh158.6b, lifting gross profit by 21% to sh108b.

2 days ago | newvision.co.ug | Ali Twaha

__________________MTN has contributed sh50.55b to the Uganda Communications Commission’s (UCC) Universal Service and Access Fund, its largest annual payment yet toward expanding telecom access in underserved areas. The amount represents a rise from sh42.5b in 2024 and sh36b in 2023. The payment is part of MTN’s obligations under its National Telecommunications Operator (NTO) license and reflects its increasing investment in digital access and infrastructure.