CAF fast-tracks disbursement of financial aid to associations

CAF Emergency Committee has approved the immediate distribution of financial grants to its member associations (MA), including FAM, to support the management of football at the domestic levels hugely affected by the novel coronavirus (Covid-19) pandemic.

The approval was made during a meeting on Thursday  via video-conference.

Nyamilandu: It is timely

According to a statement issued by CAF,  a total of  $10.8 million will be transferred to the 54 MAs on the continent as part of a relief plan to ease the financial burden on the African football community during these unprecedented times.

“Due to the fast-spread of Covid-19, African MAs have suspended all domestic competitions, which has brought about huge financial burdens on their shoulders. CAF has thus decided to wave the eligibility requirements to access the annual grants, so all MA’s can benefit during this difficult period,” said CAF president Ahmad Ahmad.

CAF is also assessing the opportunity of additional financial support to MA’s for the resumption and organisation of their domestic competitions.

Meanwhile, CAF is monitoring the situation closely and working with the relevant authorities including the Wealth Health Organization (WHO), Fifa amongst others on the impact of the virus on the continent, and will announce developments to our competitions at the appropriate time.

Football Association of Malawi (FAM) president Walter Nyamilandu, who is also a CAF executive member, hailed CAF for the move describing it as timely.

He said: “It is great to see CAF reciprocating positively during this difficult moment.

“The announcement is timely as it will go a long way towards improving our cash flow position as we are about to roll out the relief programme to mitigate effects of Covid-19 on players and officials.

“In essence, CAF will be releasing early the normal subvention of $100 000 (about K74.5 million) to member associations which we usually receive in July.

“Ordinarily, these funds are earmarked for football development programmes.”