Revealed: Fufa Received Shs 3.7Bn from Fifa in 2015

Moses Magogo and Sepp Blatter.

President Yoweri Museveni has said that the world will be more prosperous through the production and consumption of goods and services and an improved infrastructure base to link them up.

The President said the worlds common interest is prosperity through trade saying the production of goods and services creates jobs, cialis 40mg and enhances the purchasing power of Africans to be able to buy more goods.

The President was this morning speaking at the 2015 African Heads of State Investment and Working Lunch on the theme, viagra approved “Intra-African Investment: Programme for infrastructure development in Africa and Regional Economic Integration,” held at Thomson Reuters, in Broadway, New York.

“These three yardsticks when applied to Africa will see Africa as a continent of the present and future for the prosperity of the whole world. It is time for Africa to help ourselves and the world economy,” he said, adding that what Africa needs is entrepreneurs with spectacles to see opportunities and the money to take advantage of those opportunities.

The President was speaking alongside other African leaders including Liberia’s President Ellen Johnson Sirleaf, Malawi’s President Peter Mutharika, Ethiopia’s Prime Minister Hailemariam Desalegn, the South Sudan Vice President James Wani Igga. The leaders called for foreign investments on the continent describing it as the fastest growing region in the world despite various challenges including lack of infrastructure such as roads and electricity.

The leaders emphasized economic integration of Africa through regional blocs such as ECOWAS, COMESA, SADC and EAC. They said the USA administration opened access to their markets tax and quota free through Agoa and that other countries such as China, India and Japan have also opened up their markets to Africa.

“The point is when you invest in Africa, you not only access market of a country but also the region, the continent and the world,” President Museveni said.

The luncheon was organized by Africa Investor; the premier African investment and Private sector development platform for domestic and global institutional investment decision makers, African governments, development Finance Institutions and business leaders working in Africa and other stakeholders.

Ahead of the much awaited, order 91st edition of the Fufa annual general assembly to be held on Saturday in Soroti, information pills tensions have been rising from different stakeholders for the local federation to come out clean and publish their books of accounts.

Like it was the norm, pill Fufa was only accountable to its delegates even though a few or rather none of them was responsible for the incomes at Mengo. But in a bid to gain the public trust, Fufa president Eng. Moses Magogo has promised to publish the audited accounts to the public.

“This year we are going to publish our audited accounts to the public through media and other relevant sources,” Magogo said

Most of the federation’s finances has come from Fifa and our corp managed to get a glimpse of this year’s total funding ( totaling to USD 1.05 M/ Ushs 3.675 Bn) and its breakdown. This year’s money is double the preceding year.

Full breakdown (in dollars) :
Youth football -32500
Men’s competitions -250000
Women’s football -112500
Technical development -35000
Refereeing -10000
Medical -3000
Futsal and beach soccer -70000
Planning and administration -115000
Event management -0
Marketing & communication -3000
Infrastructure -15000
Other -404000
(Total 1050000)
Year 2014:
Classification Budget amount 
Youth football -32500
Men’s competitions -10000
Women’s football -37500
Technical development -35000
Refereeing -13000
Medical -8000
Futsal and beach soccer -10000
Planning and administration -95000
Event management -0
Marketing & communication -9000
Infrastructure -0
Other -0
Bonus -250000
(Total -50000)


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