The newspaper was established in 1992 as The Monitor and relaunched as the Daily Monitor in June 2005. The paper asserts that its private ownership guarantees the independence of its editors and journalists.

The newspaper headquarters are housed in the same building that houses the other investments owned by Monitor Publications Limited, including Daily Monitor newspaper, Monitor Business Directory, Ennyanda sports newspaper (in Luganda), 90.4 Dembe FM radio station (in Luganda and English),[6] 93.3 KFM radio station, Daily Monitor e-paper, The Monitor E-paper app, and Daily Monitor social media channels.

Monitor Publications Limited and all its subsidiaries listed above are owned by Nation Media Group, a media conglomerate, based in Nairobi, Kenya and whose shares are listed on the Nairobi Stock Exchange and are cross-listed on the Uganda Securities Exchange, the Dar es Salaam Stock Exchange, and the Rwanda Stock Exchange.

It was established in its current form in 1986 by the Ugandan government. It was founded in 1955 as the Uganda Argus, a British colonial government publication. Between 1962 and 1971, the first Obote government kept the name of its daily publication as Uganda Argus.

Following the rise to power of Idi Amin in 1971, the government paper was renamed Voice of Uganda. When Amin was deposed in 1979, the second Obote government named its paper Uganda Times.
When the National Resistance Movement seized power in 1986, the name of the daily newspaper was changed to New Vision. The Uganda Argus and its successors always presented as the "official" newspaper of the government in power.

The Crusader Publications Ltd is located in Kampala, Uganda. Company is working in Advertising, Newspaper Publishers, Books, Book Publishers business activities.