The Federation of Uganda Football Associations (FUFA) will receive USD 1M that was finally approved by the FIFA council as part of the COVID-19 relief fund plus an additional USD 500,000 ring-fenced for women football development.
This accumulates to a total of USD 1.5M that will be extended to all the 211 member associations. This development was confirmed via the FIFA website on Thursday.
The relief package aims at protecting and safeguarding of football from the adverse economic effects of the Coronavirus.
However, FUFA will receive this latest relief fund in two installments, with the first one scheduled for July 2020 while the last portion will come in January next year.
FIFA will also release the Women’s Football development grant as a single payment in the same month of July 2020.
For FUFA to receive the first portion, it will have to submit an application form including compliance to all relevant terms and conditions before FIFA administration reviewsand approves the request.
As for the January installment, FUFA will again have to submit an application and indicate how the first installment was used.
In addition, FIFA also approved USD 2M to all the six member confederations.
There was also an approval of an interest free loan facility to the FIFA Members up to 35% of the audited books of accounts of their annual revenues. These funds are expected to be disbursed in installments and will undergo the same stringent audit processes of FIFA.