The Football Association of Malawi (FAM) has said this year’s expenditure budget is pegged at K5 billion.
Unveiling the association’s plans in Blantyre, FAM president Walter Nyamilandu said the plans for the year onwards will aim at improving the country’s football standards.
The new approach will see FAM investing K33 million in Talent Development Scheme (TDS), K80 million in Football for Schools -K80 million.
FAM will also re-introduce the Under 14 District Leagues with a budget of K50 million, Under 16 District League at K50 million and Under 19 District League (in partnership with FCB) at K20 million.National Youth Football Committee will get K10 million annual subvention while Women’s National Championship will get K50 million.
“FAM has also pumped in K15 million for the introduction of the Under 14 Girls District Leagues and K50 million for the Under 16 Girls Regional Leagues. This will see an increase in our development programme budget from K169 million in 2022 to K328 million in 2023 ( 94% increase). The Talent Development Scheme (TDS) will ensure we identity potential Under 17 football talented players to be placed in three development centres (Blantyre, Lilongwe and Mzuzu) for nurturing and grooming,’’ he said.
As one way of fulfilling its Strategic Intentions of making our Elite League attractive which includes Empowering SULOM to Accelerate Professionalism of Malawi Football and Elite League Value Repositioning,
FAM has introduced a K100 million sponsorship for the Super League.
The FA has also appointed a special Task force headed by First Vice President Justice Jabbar Alide with Chimango Munthali, Sulom President and the three Regional Associations Chairpersons as Members will come up with guidelines on how these funds should be distributed and accessed.
He added: ‘’In order to build the capacity for coaches, FAM has allocated K60 million for coach education in 2023.Among the expected courses are three CAF C Courses aimed at bringing the gap between the number of CAF B coaches and CAF C coaches which will enable us organise CAF B courses every year going forward.
FAM also has a commitment of USD500,000 from FIFA Foundation for the rehabilitation of the Nsanje Community Centre Ground.In total, the association has pegged expenditure budget at K5 billion and revenue budget at K4.7 billion with FIFA Forward and Malawi government grants as major source of revenue.
FIFA is rolling out another four-year financial assistance programme to member Associations after the expiry of the forward 2.0 programme on 31st December 2022.
The new cycle of the FIFA Forward 3.0 programme will run from 1st January 2023 to 31st December 2026 and covers the following three strategic areas.