The Confederation of African Football (Caf) has increased annual subventions to its member associations (MAs) to $700,000 (approximately K1.2 billion) from $200,000.
This represents an additional $500,000 to each of the federations.
Caf President Patrice Motsepe announced this after a Caf strategy meeting held in Santa Maria, Cape Verde, on Thursday.
This means Football Association of Malawi (Fam), alongside 53 other MAs, will get K1.2 billion per year.
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According to the Caf website, the increased funding is aimed at helping national federations strengthen their operations, improve financial stability and develop football across the continent.
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The total investment across all the 54 MAs is estimated at $37.8 million, increased from $10.8 million under the previous allocation.
This could be an important investment in the future of African football as it would provide better opportunities to develop local talent, improve football structures and grow the game.
Fam President Fleetwood Haiya was not readily available for his comment yesterday.
Apart from Caf, Fam also gets annual subvention from Fifa, with the world football governing body contributing $1.25 million annually to all associations for operational and running costs.
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Fam also gets annual subvention from the Malawi Government through the Malawi National Council of Sports.
The association was allocated K3 billion in this year’s national budget.
Sports analyst Parry Chinyama said the financial investment from Caf would boost football development in Africa.
“Caf is doing a good job to develop football,” he said.
