The formation of ACFIM was first mooted in the immediate aftermath of 2011 when citizens of Uganda were confronted with post-election acute inflation that sparked the “walk to work protests” in Kampala capital city. In November 2014, the Bank of Uganda Governor Tumusiime-Mutebile (RIP) revealed that the 2011 economic chaos was caused by the central bank’s mistake of printing “a lot of money that ended up financing election campaigns”

Thus, ACFIM was founded in direct response to the 2011 post-election economic crisis, to monitor, document and expose money in politics on a continual basis with a view of detecting and raising “red flags” in order to prevent further recurrence of irresponsible injection of cash into the economy during electoral seasons.