Campaign financing is defined as money and other resources used by parties and candidates during primary, parliamentary, or presidential elections to secure nomination and election to political office. In this paper, we develop a demand-supply framework for analysing and understanding such financing in newly democratising poor countries, exemplified by Tanzania and Uganda. Like other African countries, both countries operate a first-past-the-post electoral system, and both experienced a double transition towards political and economic liberalisation beginning in the 1980s. This has increased the cost to parties and candidates of being elected to public office. Read on…