Audio By Carbonatix
The Confederation of African (CAF), has said it will release a $10.8 coronavirus relief package to 54 member associations, with immediate effect.
This was after a video conferencing emergency meeting held on Thursday, May 28, 2020.
The funds are a part of CAF’s annual grants to its member association and the Confederation has decided to ignore some of the eligibility conditions for the funds due to the difficulties faced by the national federations through the Coronavirus pandemic period.
“Due to the rapid spread of COVID-19, African member associations have suspended all national competitions, which has increased the financial burden on their shoulders, CAF has therefore decided to modify the conditions of eligibility to access annual grants, so that all member associations can benefit from them during this difficult period, “President Ahmad Ahmad stated.
The decision means each member association will be handed $200,000.
This comes barely two weeks after CAF released $3.5 to clubs that entered the group stage of this year’s CAF inter-club competitions or are still in the competitions.
A statement from CAF said, "it should be noted that last month FIFA equally waived the requirements and approved the payment of the second installment of the annual FIFA forwards funds for football development to the tune of $500 000 per member.
It said, CAF also plans to support it’s member associations for the running of their national championships in cases where such events have been suspended, adding that CAF is equally working with related institutions to find a way forward for its competitions.
According to the statement, CAF had resolved to inform its stakeholders about the future of competitions after due consultation with the World Health Organization and FIFA.
Latest Stories
-
CSIDT proposes 80% of GH¢350m flood budget be invested in prevention
44 minutes -
Trump threatens to target Iran’s bridges and power plants if Hormuz attacks persist
1 hour -
Ghana not yet in digital trust crisis, but warning signs are emerging – Kwami Tamakloe
1 hour -
Digital trust crisis looming if fraud concerns are ignored – John Awuah warns
1 hour -
Mamdani backs off pledge to arrest Netanyahu citing lack of authority
2 hours -
Banks’ NPLs drop to 16.1%, but credit risk remains key vulnerability
2 hours -
Business, consumer confidence positive – BoG
2 hours -
We don’t have a trust crisis – BoG urges vigilance against rising digital fraud
2 hours -
GIPC now an authority
2 hours -
Mahama urges African leaders to turn health pledges into concrete investments
2 hours -
NPP Greater Accra Regional Organiser hopeful touts experience, grassroots mobilisation record
2 hours -
WHO warns Africa risks losing decades of health gains as external funding declines
3 hours -
Chief of Staff plants shea tree at Jubilee House to reaffirm government’s commitment to shea industry development
3 hours -
GCB Bank unlocks new pathway to credit with Tier 3 pension-backed loan
3 hours -
Mid-Year Budget: ‘MoU is not a payslip’ – Oppong Nkrumah questions gov’t jobs, economic claims
3 hours