The Malagasy made this known earlier this week when he met staff of the CAF Secretariat in Cairo on his first working day in charge of football on the continent.
Ahmad said that he would ensure that federations would get more financial support in his tenure but they would have to be accountable and transparent.
The amount of the USD 100,000 is expected to help football federations in their functions to ensure that football is developed all around Africa.
He said, “To me, consolidating the administration is the first concern. Starting this year, we will put in measures which will ensure good governance and then, we will move on to the issues of financial transparency and the redistribution of resources.
Starting this year, CAF will allocate USD 100, 000 to each federation per year. We think that the federations deserve to benefit from this financial resource because CAF supports itself; thanks to it sponsors.”
In 2016, CAF has signed lucrative deals with French oil company, Total, and French telecommunications entity, Orange in relation to the African Nations Cup tournament.
Total signed an 8-year deal to be the title sponsor of all of CAF’s major competitions.
A Freelance Journalist, Entrepreneur and Philanthropist. Editor-in-Chief of www.233times.com. A contributory writer for Ghanaian Chronicle Newspaper. An alumnus of Adisadel College where he read General Arts. He holds first degree in Bachelor of Arts from the University of Ghana; Political Science (major) and History (minor). He has also pursued MSc Corporate Social Responsibility (CSR) and Energy with Public Relations (PR) at the Robert Gordon University in the United Kingdom. He is a 2018 Mandela Washington Fellow (YALI) who studied at Clark Atlanta University on the Business and Entrepreneurship track. His mentors are Rupert Murdoch, Warren Buffet, Sam Jonah, Kwaku Sakyi Addo and Piers Morganview all posts by: Nana Kwesi Coomson
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