In 1997, Faculty of Commerce at Makerere University was merged with NCBS, thereby creating MUBS, a constituent college of Makerere University. The staff and students of both institutions were brought together at the 45 acres (18 ha) campus at Nakawa, approximately 7 kilometres (4.3 mi), east of Kampala’s central business district.
In 2001, due to changes in the laws of Uganda, MUBS transformed from a constituent college of Makerere University to a “public tertiary institution” affiliated to Makerere University. However this arrangement did not work well, resulting in Makerere introducing competing duplicate courses at the main campus, while MUBS started to agitate for complete autonomy. Finally in 2012, the autonomy sought by MUBS was granted by the Uganda Ministry of Education and Sports.