Sithembinkosi L Jiyane
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\u200eThe Zimbabwe Football Association (ZIFA) has released its audited abridged financial statements for the year ending 31 December 2024, reporting a significant increase in revenue.
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\u200eThe association generated\u00a0 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\u2019s persistent economic challenges.
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\u200eThe report also shows that ZIFA posted an operating surplus of US$640,489, up from\u00a0 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.
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\u200eThese positive financial results highlight a shift toward stronger financial management and accountability within the organisation.
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\u200eAmong 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.
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\u200eThe association also made significant investments in referee development and match integrity programmes, as part of its broader reforms.
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\u200eZIFA\u2019s net assets have now grown to more than US$2.5 million, underlining improved financial health and transparency.
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\u200eThe association\u2019s leadership, led by President Felton Kamambo and General Secretary Yvonne Mapika-Manwa, has emphasised a commitment to governance reforms and sustainable football development.
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\u200e\u201cZIFA\u2019s growing net assets reflect our commitment to transparency, good governance, and sustainable football development across all levels.”
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\u200eLooking 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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\u200eZimGBCNews | Global News On An African Perspective\u00a92025<\/p>\n","protected":false},"excerpt":{"rendered":"
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