CAF posts a $117m cash balance

February 3, 2018

Four new members elected on to CAF Executive Committee

The Confederation of African Football has recorded a swelling of $9m over last year’s balance, posting a healthy $117m in the black.

The CAF 3rd Vice President, Fouzi Lekjaa, also the president of the Finance Committee, made that disclosure at the 40th CAF Ordinary General Assembly in Casablanca, yesterday.

“The cash flow situation is green and very comforting (…) enough to support the commitments of the CAF President,” Lekjaa said.

Those commitments by CAF president, Ahmad Ahmad, include a grant of $ 100,000 allocated to each Member Association and the recent decision by CAF to cover the indemnities and other expenses of match officials.

The continental body disclosed it expects those two decisions would alleviate some of the burdens on member associations.

Also, the CAF Executive Committee took full shape, Friday, in accordance with the statutory provisions, following the reform of the statutes adopted in Rabat in July 2017.

Jamal Jaafri (North Zone), Augustin Senghor (West A Zone) and Sita Sangare (West B Zone) were elected by virtue of being the sole candidates in their respective zones for the slots vacated by members who held dual positions on the FIFA Council and CAF Executive Committee.

For the Central Zone, two candidates were in contention, namely Edouard Patrice Ngaissona and Pierre Alain Mounguengui.

Ngaissona, president of the Central African Football Federation polled 30 votes against 23 by Mounguengi, also president of the Gabonese Football Federation. There was one abstention.

The General Assembly also approved the Chairman and Vice-Chairman for the three Independent Bodies namely Disciplinary Board, the Jury of Appeal and the Audit and Compliance Committee.

Also in attendance were FIFA President Gianni Infantino, CONMEBOL President, Alejandro Dominguez, AFC Vice President Chung Mong-Gyu and a representative of the UEFA President.

EDITED FROM: cafonline.com


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