The Faculty was established in January 1996 as the University's third faculty, after Theology, and Agriculture and Natural Resources. The Faculty commenced its operations with a two-year full time Master of Business Administration (MBA) programme which registered 19 students with 13 of them sponsored by the Commonwealth Secretariat. The length of the MBA programme was later shortened to 18 months in 1999. In August 1997, the Faculty established an undergraduate programme with majors in Accounting, Economics and Management/Marketing. In August 2001, the undergraduate programme was restructured into the present four majors.

A part-time MBA programme was introduced in August 1997 in order to cater for those who could not afford full time post-graduate education. In order to increase the accessibility of the MBA programme, the Faculty decided to also offer it on a block release basis, on selected weekends and public holidays. This part-time programme was changed into an Executive Master of Business Administration (EMBA) programme in 1999.

MISSION STATEMENT
The mission of the University is to provide programmes at under- and post-graduate levels, which produce and develop managers and other business professionals capable of utilizing human and other resources to meet development needs and take advantage of the opportunities of Africa within the global context.

OBJECTIVES
The Faculty aims at programmes which develop both the intellectual and the managerial potentials of its students. Specifically, the objectives of the Faculty programmes are to

* provide knowledge which develops the students' intellectual and critical thinking ability as well as their managerial and entrepreneurial skills;

* foster the ability to organise, analyze and interpret information for decision making;

* instill and inculcate high moral standards of personal and professional behaviour which are consistent with positions of trust and leadership in society;

* imbue in students sensitivity and commitment to efficiency in the use of resources as well as integrity, accountability and transparency, and

* encourage and develop a sense of curiosity and inquiry needed for innovative thinking and the development of new knowledge.