Sports

FAZ hope for financial freedom

By MICHAEL MIYOBA                                                                                                 

FOOTBALL Association of Zambia (FAZ) president Andrew Kamanga is hopeful that the association can accelerate its drive towards financial independence with strict accountability and transparency.

Kamanga said pushing the drive for financial independence of the association will help it fully implement its programmes without looking out for occasional hand-outs.

Kamanga who was re-elected during the delayed elective general meeting on Saturday in Livingstone said the marked increase in revenue from 2018 to 2019 significantly helped to reduce the operational deficit.

“I believe the financial reports gave greater hope that with strict accountability and transparency we can accelerate our drive towards financial independence. There are few things as close to my heart as pushing the drive for financial independence of the association.

“We have the US$10 million Chipolopolo bond on the cards that we believe once we are given clearance to actualise it will take us closer to financial independence. This is going to be one of the key areas in the next four years,” Kamanga said.

Meanwhile, Kamanga said the executive will continue to invest heavily in the grassroots and women football to ensure that it now build on the foundation we have laid in line with our 10-year strategic plan.

He has congratulated the new FAZ executive committee members for being elected to office for the next four years.

Kamanga said the new executive is a perfect blend of youth and experience to ensure that Zambian football is taken to the next level.

He said FAZ still make use of the candidates who lost out during the FAZ elections in various positions to make football the ultimate winner.

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