Veron Mosengo-Omba, the secretary general of the Confederation of African Football (CAF) has discoses that football governing body is targeting a 50 percent rise in revenue from the Africa Cup of Nations (AFCON), Morocco 2025.
“In Cameroon we generated about $4-5 million (£3-4m) profit. In Ivory Coast the profit was more than $75 million (£58m).
“This shows we are [going] in a good direction and for Morocco, the next edition, I think [the profit] will be increased by 50 percent,” Mosengo-Omba told BBC Africa Sport.
According to him, CAF generated $14m (£10.8m) after taking ticketing and hospitality in-house for the first time and that most of the increase is coming from sponsors and television rights.
Read also: 2025 AFCON Qualifiers: Super Eagles drawn against Benin Republic, Rwanda
He also disclosed that the football governing body will be debt free next year as a result of improved governance implemented by Patrice Motsepe, since he became president of CAF in 2021.
Mosengo-Omba, who was installed as deputy days after the South African billionaire was appointed president, said CAF’s level of debt was about $40m (£31m) when the pair took charge.
He disclosed that the figure has more than halved since, with the tally set to drop even further when CAF financial accounts are presented later this year.
“I think we will present a [deficit] figure to the CAF congress of less than $12m (£9.3m). For the next fiscal year, [the debt] will be zero.”
CAF financial year runs from the start of July to the end of June, with accounts traditionally presented to congress in October, meaning the organisation could be debt-free in just under 12 months’ time.
Mosengo-Omba, who hails from DR Congo but who also holds Swiss nationality, said that credit for the turnaround must go to the 62-year-old CAF president.
“In 2021, CAF was a toxic company – nobody trusted CAF. When Motsepe came, he put the principle of good governance and integrity in all levels of the organisation.
“This brings confidence to our partners. Motsepe and his executive coming in was, for me, a gift for African football,” Mosengo-Omba said.
