The two bodies have come together to form Afro-Asian Cricket Cooperation, to promote and develop cricket across Asia and Africa.
Syed Ashraful Huq, chief executive of the Asian Cricket Council (ACC), said: “Nimbus made a terrific offer, well in excess of any prior media speculation, to acquire the worldwide rights to the next three Afro-Asia Cups.
"Not only will cricket fans the world over get the opportunity to watch some spectacular cricket between the best players from Africa and Asia, young cricketers across both continents will benefit because of the funds raised by these matches.”
Seventy per cent of all net proceeds each year will go the host continent’s cricket development body, 20 per cent to the visitors, and 10 per cent to a recognised charity.
The International Cricket Council has sanctioned the Afro-Asia Cup matches - being played as day-night matches in South Africa this month - as One Day Internationals.
Total prize-money for this year’s event is $100,000. The winning team in each match receives $25,000, the man of the match $5,000 and the man of the tournament $10,000.
