Africa/CAF: a net profit of $9.48m in 2023-24 after "several years of deficits"

"CAF has reported a net profit of $9.48m for the 2023-24 financial year, marking the first profit declared in several years. This achievement reflects a strong increase in commercial revenues, driven by the growing global appeal of African football, the addition of new sponsors (the number of official sponsors and partners has risen to 16 in 2024-25), and the implementation of strict financial controls by the CAF leadership," announced the Confederation of African Football at its 47^th ordinary general assembly, held in Kinshasa (DR Congo) on 06/10/2025.

"CAF has announced a return to profitability, reversing several years of financial deficits and achieving significant growth as part of the organisation's turnaround strategy adopted in 2021," said the African body, which pointed out that its revenues reached $166.42m (€155.32m) in 2023-24.

"Four years ago, when CAF was facing a significant financial deficit and multiple challenges including several legal disputes, president Motsepe initiated a strategic turnaround plan aimed at making CAF and African football globally competitive and…