Prof. Waswa Balunywa (PhD) , is the 1^st Principal in the 18 year history of Makerere University Business School. He holds a Ph.D from the University of Sterling, an MBA from University of Delhi, and a Bachelor of Commerce Degree from University of Delhi.

Juma Waswa Balunywa (born 3 December 1955), is a scholar in management, leadership and entrepreneurship. He is also an academic administrator, who serves as the Principal of Makerere University Business School (MUBS), a public institution of higher education in Uganda. He has been at the helm of the institution since 1991, when MUBS was the Faculty of Commerce of Makerere University.

He attended Mwiri Primary School for his elementary schooling. He transferred to Jinja College for his O-Level education and studied at Namasagali College, for his A-Level studies.
Balunywa holds a Bachelors of Commerce degree obtained in 1979 from the University of Delhi in India. He also has a Master of Business Administration, also awarded by the same university in 1981. His Doctor of Philosophy in Entrepreneurship was awarded in 2009, by the University of Stirling, in the United Kingdom

Balunywa started his academic career as lecturer in 1983, in the then Department of Commerce at Makerere University. In 1987, he was appointed a senior lecturer in the Department of Accounting, Banking and Finance, also at Makerere, serving there from 1987 until 1990.

He then served as Dean Faculty of Commerce, Makerere University from 1991 to 1998. In 1997, he was instrumental in the creation of Makerere University Business School (MUBS). MUBS was created in 1997 by the merger of the former faculty of Commerce at Makerere University and the then National College of Business Studies, Nakawa. Prof. Balunywa headed MUBS at its inception in 1997 as the school’s first Director. In 1998, the position of Director was changed to Principal. In June 2018, Waswa Balunywa began another three-year term as the Principal of MUBS.