RWANDA Football Federation (Ferwafa) is among the 209 Fifa member associations which will receive funding from the world soccer governing body, Fifa to develop football in the respective countries. Rwanda will get $750,000( Rwf508m.)
RWANDA Football Federation (Ferwafa) is among the 209 Fifa member associations which will receive funding from the world soccer governing body, Fifa to develop football in the respective countries. Rwanda will get $750,000( Rwf508m.)
The 64th Fifa Congress ended in Sao Paulo, Brazil on Wednesday with President Joseph Sepp Blatter announcing that there will be an increment in the disbursements to the six confederations and the member associations.
Fifa will give $750,000 to each member association while each confederation will get $7million.
The Congress approved the 2015/2018 budget (with projected revenues of $5 billion and investments of $4.9 billion), in which Fifa is set to invest $900 million in football development, a $100 million increase in the budget from the current cycle.
Currently, Fifa disburses more than $500,000 every year into developing football to 209 member associations.
This year, Rwanda will receive two additional bonuses ($250,000 immediately, based on the 2011-13 period, and on completion of the 2014 financial year, $500,000 at the beginning of 2015).
The same model applies to the confederations. They will receive $2.5 million immediately and $4.5 million at the beginning of 2015.
Rwanda Football Federation chief Vincent Degaule Nzamwita and Secretary General Olivier Mulindahabi represented the country at the 64th Fifa Congress.