CAF president Patrice Motsepe has confirmed a 33% increase in the annual subsidies paid to the 54 member associations, raised to 700,000 dollars from 525,000 previously.
The 54 member federations of the Confederation of African Football are set to receive more. According to CAF Online, the annual allocation rises from 525,000 to 700,000 dollars, a 33% increase confirmed by president Patrice Motsepe.
According to CAF Online, this aid represents a cumulative increase of 250% compared with the 200,000-dollar package granted in 2021.
Zonal unions also catered for
The annual funding for CAF’s zonal unions has also been increased by 20%, rising from 750,000 to 900,000 dollars, reports Kawarji.
“This announcement marks a new step in strengthening CAF’s financial support to its member associations, under the presidency of Dr Patrice Motsepe and with the backing of the CAF Executive Committee,” the body writes. “It reflects the desire to make football, within the 54 member associations, a world-class sector, capable of developing sustainably and gaining financial autonomy.”
The budget allocation is to be implemented in the next financial year of CAF’s member federations.