Our Managing Director, Abdulaziz M.A. Mansur and Acting Executive Director, Hajjat Joweria Mukalazi, paid a courtesy visit to the home of Dr. Hajj Prince Kassim Nakibinge Kakungulu in Kibuli to extend the bank's deepest condolences to the family, Muslim community and the entire nation for the loss of our beloved mother, Hajjat Sarah Kakungulu.

Dr. Hajj Prince Kassim Nakibinge Kakungulu, a former Executive Director of Tropical Bank Limited, is a pillar of strength and leadership, not only for the bank but also for the Muslim community in Uganda. The loss of his mother, Hajjat Sarah Kakungulu, is profoundly felt by all of us.

May Allah be pleased with her deeds, pardon her short comings and grant her the highest place of abode in Jannat Al-Firdaus.

We also pray that the Almighty Allah grants the family courage, strength and comfort during this trying time. Inna Lillahi Wahina Illaihi Raji'un.

December 30, 2024

As part of our commitment to support the education sector, our Corporate Relationship Manager, Mr. Kasirye Muhammad, visited Bilal Islamic Institute-Kakiri after the unfortunate fire that destroyed the girls' dormitory. During the visit, he engaged in discussions with the Deputy Principal, Hajj Karunda Musa, about initiatives to support the school. In alignment with the bank’s corporate social responsibility, Tropical Bank donated 100 bags of cement to aid in the reconstruction of the affected dormitory.

He pointed out Tropical Bank's Education Sector Customer Value Proposition, designed to address key challenges schools face, such as the lack of seamless school fee collection methods, short-term budgetary gaps, inadequate infrastructure, and transportation issues for students. The bank offers up to UGX 500 million in unsecured school bridge financing, in addition to funding for school expansion, vehicle purchases, and asset acquisition that can help Bilal Islamic Institute-Kakiri achieve its goals. Summary of the Education CVP includes; • Affordable school account with no management fees.

• Unsecured loan amounts of up to Ugx 500M based on banking with Tropical Bank.

• Seamless school fees collection through our Mobile App, internet banking, agent banking, and school Pay.

• Access to financing for school expansion, vehicle, and asset acquisition.

• Salary loans to teachers and staff of up to Ugx 350M

. • Contract financing and invoice discounting to suppliers and contractors of schools.

He also assured the school and the public that the bank is in the final stages of launching Islamic banking. The Sharia Advisory Board has already been approved by the Bank of Uganda and Islamic banking will be available soon—rest assured to serve all their financial needs.

Hajj Karunda Musa, Deputy Principal of Bilal Islamic Institute-Kakiri, expressed his appreciation for the bank's long-term commitment to the school and innovative solutions it has offered to make banking seamless.

December 11, 2024

It was a spectacular grand finale performance, highlighted by a stunning hat trick from Tropical bank’s top scorer Aaron Kamwada, as the Professionals registered wins to claim the Football championship title in this year’s Corporate Sports Network (@corporates256) tournament. The team emerged victorious with an impressive total of 91 points. The Grand Finale was hosted at Luzira Sports Ground and brought together 35 corporate teams competing in various disciplines, including football, swimming, volleyball, basketball, Athletics, Sack race, and pool table.

At the finals, Yunus Babuwaire, Head Business and Acting Head Coach for the Tropical Bank Professionals, expressed his gratitude during his speech. He commended the team for their dedication and thanked management for their unwavering support. Recognizing the team captain -Musoke Stanley’s extraordinary impact. Yunus emphasized how sports foster camaraderie among Tropical Bank staff and build valuable connections with other corporate entities. “We need to carry the spirit we showed throughout the league into our work, collaborating to transform Tropical Bank into a better place,” Yunus stated.

Katende Isaac, Manger Sales Coordination and Sports Manager at Tropical Bank, highlighted the benefits of participating in the Corporate Sports Network. He noted how the event fostered teamwork and unity among employees, improving workplace efficiency and strengthening bonds across different ranks. He thanked management of the bank and the leadership of the corporate sports network for creating avenues that foster work life balance.

Congratulations to the Tropical Bank Professionals for their stellar performance and remarks achievements!

November 25, 2024

Our Managing Director, Abdulaziz Mohamed A. Mansur and Acting Executive Director, Ms. Joweria Mukalazi, hosted a delegation from the Association of National Development Finance Institutions in Member Countries of the Islamic Development Bank (ADFIMI), led by Secretary General Mr. Ilhami Ozturk.

The purpose of the visit was to explore areas of collaboration aimed at transforming and enhancing the Ugandan economy. The Bank intends to collaborate with ADFIMI to strengthen key sectors, including Agriculture, Trade, Education and Environmental sustainability. We are accelerating the implementation of Islamic banking to promote financial inclusion for all Ugandans.

November 19, 2024

Our Bank sponsored and participated in the 30th Thanawi Graduation Ceremony at Naggalama Islamic Institute, Naggalama. The event was honored by several distinguished guests, including Deputy Mufti Sheikh Kivumbi Bukenya.

At the event, our Acting Executive Director, Ms. Joweria Mukalazi, emphasized the bank's strong commitment to supporting educational initiatives through our corporate social responsibility (CSR) program. She congratulated the graduandsand prayed for God’s blessing of barakah upon their achievements. Ms. Mukalazi encouraged the graduands to stay disciplined and follow the way of life of Prophet Muhammad (PBUH), illustrating that this is the only way to achieve long-term success in this world. She also commended Haflah Yassin on obtaining the top position.

Ms. Mukalazi reassured the institute and the public that the bank is in the final stages of launching Islamic banking with top-quality products and services that offer responsible financial solutions in line with Islamic principles. She highlighted Tropical Bank's Education Sector Customer Value Proposition, which aims to address challenges faced by schools, such as the lack of efficient school fees collection systems, short-term budgetary constraints, inadequate infrastructure, and transportation issues for students. The bank provides up to UGX 500 million in unsecured school bridge financing and offers support for school expansion, vehicle purchases, and asset acquisition to help Naggalama Islamic Institute and other schools achieve their goals.

To further demonstrate the bank’s support, she awarded gift hampers to the top female graduands in recognition to the challenges they often face.  This is way of empowering and inspiring the girl child to stay focused and dream big. Additionally, she handed over a cheque worth UGX 2 million to support the school and awarded an Umrah pilgrimage to the best teacher in Islamic studies. Various speakers applauded Tropical Bank for its exceptional support of the education sector.

October 26, 2024

As part of our commitment to transforming the education sector, our Acting Executive Director, Ms. Joweria Mukalazi, paid a visit to Mbogo Mixed Secondary School. Together with the Head Teacher, Hajj Lumu Hamid, they discussed initiatives to transform the school. In line with bank’s corporate social responsibility and October celebrations for customer service week, tropical bank contributed 200 bags of cement to help build the school's mosque.

During the visit, she pointed out Tropical Bank's Education Sector Customer Value Proposition, designed to address key challenges schools face, such as the lack of seamless school fee collection methods, short-term budgetary gaps, inadequate infrastructure, and transportation issues for students. The bank offers up to UGX 500 million in unsecured school bridge financing, in addition to funding for school expansion, vehicle purchases, and asset acquisition that can help Mbogo Mixed Secondary school achieve its goals.

Summary of the Education CVP includes; • Affordable school account with no management fees.

• Unsecured loan amounts of up to Ugx 500M based on banking with Tropical Bank.

• Seamless school fees collection through our Mobile App, internet banking, agent banking, and school Pay.

• Access to financing for school expansion, vehicle, and asset acquisition

. • Salary loans to teachers and staff of up to Ugx 350M.

• Contract financing and invoice discounting to suppliers and contractors of schools.

She also assured the school and the public that the bank is in the final stages of launching Islamic banking. The Sharia Advisory Board has already been approved by the Bank of Uganda and Islamic banking will be available soon—rest assured to serve all their financial needs.

Hajj. Lumu Hamid, Head Teacher of Mbogo Mixed Secondary School, expressed his appreciation for the bank's long-term commitment to the school and innovative solutions it has offered to make banking seamless.

October 26, 2024

We are excited to have sponsored and participated in the 13th Thanawi Graduation ceremony at Bilal Islamic Secondary School-Bwaise. The event was honored by several distinguished guests, including the former Member of Parliament for Kawempe North, Hon. Latif Sebaggala.

At the ceremony, our Relationship Manager for Corporate Banking, Kasirye Muhammad, highlighted the bank’s strong commitment to supporting education initiatives through our corporate social responsibility (CSR) program. He reassured the school and the public that the bank is in the final stages of launching Islamic banking, with the Sharia Advisory Board already approved by the Bank of Uganda. This new service will soon be available, offering financial solutions that adhere to Islamic principles.

To further demonstrate our support, he handed over a Cheque worth UGX 3 million to help the school. Tropical Bank was applauded by various speakers for its exceptional support towards the education sector.

October 22, 2024

Today, we joined fellow banks at the annual Bankers' Sports Gala at Lugogo where we participated in various sporting events such as volleyball, Netball pool table, badminton and more.

The event brought together teams from across the banking industry in a spirit of healthy competition socialisation. We are delighted to be part of this wellness agenda. Congratulations to all the participants!

October 13, 2024

Tropical Bank sponsored and participated in the Quran Competition Grand Finals at the Gyagenda Education Centre and Maulid Annabi 2024. The guest of honour was Uganda's Supreme Mufti, Muhammad Galabuzi. Other dignitaries who attended were Hajjat Minsa Kabanda, Minister for Kampala and Metropolitan Affairs, among others.

At the event, our Relationship Manager-Corporate, Kasirye Muhammad, emphasized the bank’s commitment to support education sector activities through our corporate social responsibility program and he also handed over the bank’s gift hampers to the winners, these were received by the Head Teacher, Miiro Hamza, Gyagenda Education Primary School. Tropical Bank was applauded by various speakers for its outstanding support towards the education sector

 September 30, 2024

Tropical Bank is proud to support government initiatives aimed at promoting social and economic transformation. We are glad to have sponsored the Office of the President Program for Interfaith and Civil Society Forum for Peace and Development (ICSP) that was launched on the 10th September 2024. The project aims to empower Ugandans in the 17 parishes of Mityana district with funding and developmental programs from office of the president.

While at the launch, our Head of Business, Mr. Yunus Babuwaire emphasized the bank’s commitment to Social economic transformation through financing agriculture at affordable rates as low as 12%, financing traders as well as implementing corporate social responsibility initiatives in underserved communities. The event was attended by the delegates from the office of the president, Mityana District Khadhi, Sheikh Bashir and other Religious leaders.

 September 25, 2024

As a commitment to support growth of the education sector in Uganda, our Head of Business, Mr. Yunus Babuwaire, held a financial literacy session with proprietors of schools under the Uganda Muslim Teachers Association. The session focused on improving cash flow management, creating alternative revenue lines, diversifying investment opportunities in the education sector and instilling personal finance discipline. This took place at the Uganda Muslim Teachers’ Association (UMTA) AGM and education conference at the ENRO Hotel in Mityana.

At UMTA, he unveiled Tropical Bank’s Education sector customer value proposition, which addresses key challenges schools face like lack of seamless school fees collection methods, short term budgetary gaps, inadequate infrastructure and poor school environment and transport challenges for students/Pupils.  The bank can offer up to UPTO Ugx 500M UNSECURED as school bridge financing. This is in addition to financing school expansion, vehicle and asset acquisition.

Summary of the Education CVP includes;

• Affordable school account with no management fees.
• Unsecured loan amounts of up to Ugx 500M based on banking with Tropical Bank.
• Seamless school fees collection through our Mobile App, internet banking, agent banking, and school Pay.
• Access to financing for school expansion, vehicle, and asset acquisition.
• Salary loans to teachers and staff of up to Ugx 350M.
• Contract financing and invoice discounting to suppliers and contractors of schools. 

The event ended with the teachers applauding the bank’s support for the education sector with a handshake with Executive Director Namirembe Ajiri and UMTA President Hajji Mpungu K. Musa. 

 September 19, 2024

The Libyan embassy headed by HE ambassador Ibrahim Ahmed Sultan hosted Management and staff of tropical bank at the Libyan embassy for a breakfast engagement on 23rd may 2024.

This follows the banks improved performance coming from loss making positions since 2018 to two years of successive profitability in 2022 and 2023 and a good start of 2024.

H.E ambassador Ibrahim highlighted that tropical bank is one of the many key investments the Libyan government has made in Uganda as a sign of the great friendship among the two governments. He thanked the current Board Chairman Mr Ibrahim Ssenyonga, Management and staff of Tropical for steering the bank back to profitability. He also thanked the government of Uganda for committing more capital injection into tropical bank and confirmed Libya’s commitment to invest more capital in tropical bank.

Speaking at the event, the Managing director of tropical bank, Abdulaziz Mohamed A. MANSUR thanked the Libyan and Ugandan government for harmonising the position of shareholding and the capital injection they have made that will see the bank become compliant to Bank of Uganda regulations on Tier 1 commercial bank capital positions.

He noted that the bank embarked on the new 5-year strategic plan which began in 2024 to 2028 which will see the bank make tremendous changes in People and work culture, Risk Management, operational efficiency, business growth and Excellent customer experience.

The bank is also at the tail end of obtaining the Islamic banking license from bank of Uganda that will enable it drive financial inclusion at affordable rates.

The Executive director Ms Joweria Mukalazi applauded the management team of tropical bank for the commitment to implement the strategic changes. She appreciated the Libyan and Ugandan government for providing the capital and other support that has seen the bank bounce back to profitability. She assured the customers and stakeholders of tropical bank that the bank is committed to providing professional and personalised services to its clientele. The bank has invested in a robust core banking system with Omini channel capabilities to drive seamless digital banking through our online platforms, agents and branch network. The bank also invested in SMART ATMs that can accept both deposits and withdrawals.

During the 5-year strategic plan, the bank will focus on SME as a key driver for its growth with tailor made customer value propositions in the Education sector, Trade & commerce, Manufacturing and Agriculture. The bank has revamped trade finance proposition to offer bid securities of up to UGX500M unsecured and can support education institutions with up to UGX500M unsecured to meet short term financing needs. The bank also improved the offering for salary loans to up to UGX350M.

To increase its foot print, the bank will open 2 more branches, 8 service centres and a wide network of agent banking points that will compliment existing branch network and digital platforms. The bank is also leveraging its partnerships with partnerships with fintech’s to innovate solutions that drive financial inclusion from the unbanked.

Through bancassurance, the bank has innovated products that enable clients access medical insurance, making investments for the future as well as save for education of their children. Additionally, the bank can adequately mitigate all the risks that clients face during their day-to-day operations.

The bank seeks to leverage on their Here for You proposition which speaks to Convenience, Responsiveness and Affordability to connect with its customers.

 May 24, 2024

Tropical Bank in partnership with AAR  Medical Insurance at Tropical Bank head office, unveiled an exciting new product called Tropical-Medical Insurance plan cover.

Yunus Babuweire, Head commercial banking @Tropical bank,said Tropical medical insurance plan cover addresses a significant need among Ugandans as many succumb to preventable illnesses such as malaria due to limited access to formal healthcare.

Joweria Mukalazi, our Ag. Executive Director @TropicalBank, expressed gratitude to AAR for partnering with them to advance this noble cause. She expressed her gratitude for making a significant impact on many lives as we move forward with this initiative.

Abdulaziz M.A Mansur, Managing Director @Tropical Bank, framed health insurance as an investment, emphasizing that it's about protecting oneself.

Godfrey Kyeswa, Head of SME at AAR, emphasized the importance of medical insurance in safeguarding customers' health. He pledged the company's unwavering support and extensive expertise.

Genevieve Olinga, Head of Clinical Network at AAR, highlighted that the company has established a robust network of over 300 service providers, offering clients a wide array of options for their healthcare needs.

Hajjat Mariam Nakiwala, a prominent customer of Tropical Bank, expressed gratitude for the initiative, recognizing its significance as it directly impacts lives. She pledged to support and promote the initiative, encouraging others to embrace it as well.

Christine Nassuna, Managing Director AAR, articulated the mission of this partnership as safeguarding both the health and wealth of Ugandans. She emphasized expanding beyond traditional medical insurance to reach more people, aiming to support customers throughout their wellness. She challenged the notion that insurance is only for the rich, citing AAR's affordable premiums supported by high numbers. AAR continues to expand its network to meet customer demands. Christine pledged a dedicated team for Tropical clients readily available to support them. The event ended in the official launch of Tropical Medical Insurance Plan Cover. #TropicalMedicalInsurance #AARMEDICALINSURANCE #Hereforyou

May 09, 2024

 

Tropical Bank wins the Most Preferred Bank with Islamic Banking System Award 2024 organized by @muslimchannelUG at Hotel Africana.The event was attended by Ag.Executive Director,Joweria Mukalazi, Head Commercial Banking, Yunus Babuwaire and Branch Manager-Kampala, Amina Nampebwa.

We appreciate your support and vote for Tropical Bank Ltd.

 

Feb 16, 2024

 

Tropical Bank takes pride in supporting vulnerable communities and during Ramadan, we shall reach out to the disadvantaged across the country through the different mosques, NGOs and religious institutions.

Having spearheaded the advocacy to have Islamic banking in Uganda, we are excited to see it bear fruit and the Muslim community will benefit from shariah compliant products that are affordable, fair and just.

We shall partner with Salaam TV to promote both our outreach programs and Islamic banking products.

March 11, 2024

Through our social corporate responsibility, our Ag. Executive Director, Joweria Mukalazi and the business team led by Yunus Babuwaire, Head of Commercial Banking, paid a courtesy visit to Mbogo High School, where they donated two 2 pairs of jerseys and Ugx 3,880,000 to the girl’s Badminton team that’s going to represent Uganda in the all Africa Schools Badminton Championships 2023 in Harare, Zimbabwe.“Every girl child deserves limitless support”

On Monday at Kawanda Secondary School in Kawanda, Mrs. Joweria Mukalazi , Executive Director of Tropical Bank, awarded medals and trophies to the winning teams of the Uganda Muslim Education Association (UMEA) Solidarity Games 2023. Through the bank initiative "Promote the Young Talent".