The Confederation of African Football (CAF) recently signed a new sponsor for its apex clubs and team of competitions for the next eight years.
The new agreement with the French oil and Gas Company, Total will began in 2017 with African Nations Cup final in Gabon.
At the moment the value of the transaction has not been disclosed.
“The parties have agreed not to disclose the amount of the deal for the time being” CAF director of communication, Junior Binyam told Newsmen.
Total oil and Gas Company is set to take over the Orange mobile telephone company, whose contract ended in 2016, as main sponsor of its ten competitions.
“This partnership is an important step in our ongoing search for additional resources to facilitate the development of African football and to bring its governance up to date, upgrade its sports infrastructure and improve its performance globally,” ISSA Hayetou stated.
Patrick Pouyanné, President and CEO of Total, had this to say on the situation, “Football is equal parts enthusiasm, sharing and team performance, concepts that resonate across cultures.”