JWANENG: Botswana Football Association (BFA) is pushing towards widening its revenue streams as the association's finances remain constricted.
The mother body is heavily reliant on subventions from the government, CAF, and FIFA, but the funding remains insufficient, constraining the association's ability to fully implement some of its programs. BFA held its annual general assembly in Jwaneng on Saturday, with chief executive officer, Mfolo Mfolo, saying the meeting was apraised about the association's financial position. As it has been the norm, we got unqualified accounts, which is good, but our balance sheet has some challenges, mainly because of the cash flow issues. How do we address that? We need to do a third income stream revenue such that we reduce our liabilities that we have," Mfolo told MonitorSport. "We have partnered with other entities, such as Thomas Hall, more especially on the business development side, because we really need money. For you to develop football, you need money. We are grateful that FIFA, CAF, and the government are giving us grants, but it is never enough," he added. He said delegates had appreciated efforts being made to ensure the association has a healthy balance sheet. "The budget was approved as it was a compliance meeting; it's either the delegates approve or they don't approve. We had discussions, they looked at the financial position, and they were happy with the agenda items that we are putting in place to address the challenges. The meeting approved motions on the association's constitutional review process, gave a green light to the First Division management's return to the BFA, while new regions have been added. BFA president, Tariq Babitseng, speaking during the opening session, said the association is more united than before. "We have engaged those who came before us. We have engaged past presidents such as David Fani and Maclean Letshwiti. This is a testament of leadership," he said. "For the first time in the history of football, there is no division within my leadership," he said. He also said Jwaneng was key for the BFA with moves to establish a Centre of Excellence in the mining town, and diamond company, Debswana, has pledged its support. Babitseng welcomed the return of school sports and pledged their support to the government program. The return of the program was launched in Lobatse last Thursday, although unions and the government are still locked in talks over its structure. Guest speaker, Jwaneng Mine general manager, Goitseone Gadifele, said the country needed to focus more on women's football development. "There is a lot to do with women's football. Our women are more skilled than men. We need to partner and unearth that talent," Gadifele said. The assembly was held under the theme, "The future belongs to women's football and school sports."