African Billionaire’s Ambitious Plans For Second Term As Football Boss

Published 27 days ago
Nick Said
Dr Patrice Motsepe was elected unopposed for a second term at CAF’s 14th Extraordinary General Assembly in Cairo on March 12; image supplied
Dr Patrice Motsepe was elected unopposed for a second term at CAF’s 14th Extraordinary General Assembly in Cairo on March 12 (Image supplied)

Dr Patrice Motsepe was elected unopposed for a second term as President of Confederation of African Football (CAF) in March, a nod to the progress made since he first took office four years ago as he has proposed a new, ambitious target for the organization.

CAF, as with many sporting bodies around the world, has grappled with various challenges brought about by the Covid-19 pandemic and the ever-evolving manner in which fans consume sport, but is now arguably on its soundest footing for some time.

Motsepe has not been without his critics, but the proof of his impact is in the numbers.

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CAF has managed to increase its annual subversions to Member Associations from $200,000 to $400,000 per annum, and to its six Zonal Unions from $500,000 to $750,000. That money is earmarked for football development.

Prize money across all CAF competitions is up, not least for women’s football, with CAF investing almost five times as much in the women’s game as at the start of his tenure.

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Renewed sponsorships and record television audiences have been a driver behind improved revenue that is budgeted to take CAF forward in the 2024-25 financial year.

But, Motsepe says, this is just the beginning, and he has ambitious plans for his second term.

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“The tender is open for the $1-billion contribution to African football over the next eight years and it’s going very well,” Motsepe said. “We have to comply with Comesa (Common Market for Eastern and Southern Africa), because there are regulations in Comesa that you cannot conclude an agreement for more than four years.

“We don’t only have to comply but respect those regulations. Many of the partners we are talking to are saying, but president of CAF, you want $1-billion, we will give you $1-billion, but we need more years.

“The aim is to give every African nation $1-million (subversion) annually, starting in 2026.”

Having launched the CAF Women’s Champions League soon after taking office in 2021, Motsepe says the ladies’ game will continue to be a special focus.

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“An African women’s national team may win the (FIFA) World Cup before a men’s national team,” he said. “Governments can help. The private sector. Half of our (African) population are women. Women’s football is about inspiring young girls.”

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African Billionaires in 2025

Click on a billionaire to view their profile

RANK: 1
Aliko Dangote
Aliko Dangote
NET WORTH: $23.9 BTREND:
COUNTRY: Nigeria
RANK: 2
Johann Rupert & family
Johann Rupert & family
NET WORTH: $14 BTREND:
COUNTRY: South Africa
RANK: 3
Nicky Oppenheimer & family
Nicky Oppenheimer & family
NET WORTH: $10.4 BTREND:
COUNTRY: South Africa
RANK: 4
Nassef Sawiris
Nassef Sawiris
NET WORTH: $9.6 BTREND:
COUNTRY: Egypt
RANK: 5
Mike Adenuga
Mike Adenuga
NET WORTH: $6.8 BTREND:
COUNTRY: Nigeria
RANK: 6
Abdulsamad Rabiu
Abdulsamad Rabiu
NET WORTH: $5.1 BTREND:
COUNTRY: Nigeria
RANK: 7
Naguib Sawiris
Naguib Sawiris
NET WORTH: $5 BTREND:
COUNTRY: Egypt
RANK: 8
Koos Bekker
Koos Bekker
NET WORTH: $3.4 BTREND:
COUNTRY: South Africa
RANK: 8
Mohamed Mansour
Mohamed Mansour
NET WORTH: $3.4 BTREND:
COUNTRY: Egypt
RANK: 10
Patrice Motsepe
Patrice Motsepe
NET WORTH: $3 BTREND:
COUNTRY: South Africa
RANK: 10
Issad Rebrab & family
Issad Rebrab & family
NET WORTH: $3 BTREND:
COUNTRY: Algeria
RANK: 12
Mohammed Dewji
Mohammed Dewji
NET WORTH: $2.2 BTREND:
COUNTRY: Tanzania
RANK: 12
Michiel Le Roux
Michiel Le Roux
NET WORTH: $2.2 BTREND:
COUNTRY: South Africa
RANK: 14
Othman Benjelloun & family
Othman Benjelloun & family
NET WORTH: $1.6 BTREND:
COUNTRY: Morocco
RANK: 14
Anas Sefrioui & family
Anas Sefrioui & family
NET WORTH: $1.6 BTREND:
COUNTRY: Morocco
RANK: 16
Aziz Akhannouch & family
Aziz Akhannouch & family
NET WORTH: $1.5 BTREND:
COUNTRY: Morocco
RANK: 16
Femi Otedola
Femi Otedola
NET WORTH: $1.5 BTREND:
COUNTRY: Nigeria
RANK: 16
Christoffel Wiese
Christoffel Wiese
NET WORTH: $1.5 BTREND:
COUNTRY: South Africa
RANK: 20
Youssef Mansour
Youssef Mansour
NET WORTH: $1.4 BTREND:
COUNTRY: Egypt
RANK: 21
Yasseen Mansour
Yasseen Mansour
NET WORTH: $1.2 BTREND:
COUNTRY: Egypt
RANK: 21
Strive Masiyiwa
Strive Masiyiwa
NET WORTH: $1.2 BTREND:
COUNTRY: Zimbabwe