CAF President Motsepe Boosts Annual Funding to $700,000

Dr Patrice Motsepe, the President of CAF, announced a significant increase in annual financial support for each of the confederation's 54 member associations during a gathering in Cape Verde. The funding will rise from $200,000 to $700,000 per year, marking a 250% increase.

This initiative is designed to strengthen the administration of football across Africa and provide national federations with the necessary resources to improve their operations and achieve long-term financial stability. Motsepe emphasized that the $700,000 figure is not the final target, with aspirations to reach at least $1 million per year for each member association.

The additional funds are expected to assist federations in covering administrative costs, investing in grassroots development, and enhancing domestic football structures. This announcement is part of Motsepe's broader strategy to empower African football financially during his tenure as CAF president.