CAF boosts annual funding for member associations to $700,000
The Confederation of African Football has increased annual funding for each of its 54 member associations by 33 per cent to $700,000 to develop football. Read More: https://punchng.com/caf-boosts-annual-funding-for-member-associations-to-700000/
The Confederation of African Football (CAF) has announced a 33% increase in annual funding for its 54 member associations, raising the allocation to $700,000 each. This move is part of CAF's efforts to strengthen football development across the continent and make it world-class and financially sustainable. In addition, the continental body's zonal unions will receive an increased annual funding of $900,000, representing a 20% rise from the previous allocation of $750,000.
CAF President Dr Patrice Motsepe announced the increase alongside a rise in funding for member associations, describing it as an additional significant boost in financial support for its Member Associations under his leadership and the CAF Executive Committee.
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