Sithembinkosi L Jiyane
The Zimbabwe Football Association (ZIFA) has released its audited abridged financial statements for the year ending 31 December 2024, reporting a significant increase in revenue.
The association generated US$4,148,273 in 2024, marking an 18% rise from the US$3,524,232 recorded in the previous year. This growth was largely driven by increased support from FIFA, local universities, and various development partners, despite Zimbabwe’s persistent economic challenges.
The report also shows that ZIFA posted an operating surplus of US$640,489, up from US$59,621 in 2023. After accounting for other income streams and property revaluations, the total comprehensive surplus for the year reached US$722,234.
These positive financial results highlight a shift toward stronger financial management and accountability within the organisation.
Among the notable developments in 2024 were a landmark partnership with the Moroccan Football Association, collaborative initiatives with academic institutions and anti-drug organisations, and the reconstitution of key governance committees including technical, legal, and ethics bodies.
The association also made significant investments in referee development and match integrity programmes, as part of its broader reforms.
ZIFA’s net assets have now grown to more than US$2.5 million, underlining improved financial health and transparency.
The association’s leadership, led by President Felton Kamambo and General Secretary Yvonne Mapika-Manwa, has emphasised a commitment to governance reforms and sustainable football development.
“ZIFA’s growing net assets reflect our commitment to transparency, good governance, and sustainable football development across all levels.”
Looking ahead, ZIFA plans to build on this momentum by focusing on grassroots development, nurturing young talent, supporting national teams, and expanding infrastructure to support the long-term growth of Zimbabwean football.
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