• Sun. Mar 3rd, 2024

AFCON 2023: CAF Increases Prize Money By 40%

ByAlibor Andrew

Jan 4, 2024 ,

The Confederation of African Football (CAF) on Thursday, 4 January 2024, has announced a 40% increment in the prize money for this year’s winner of the 2023 Africa Cup of Nations in Côte d’Ivoire, platinumnewsng.com is reporting.

In a statement released on CAF’s website, cafonline.com, the winner of the 34th edition of Africa’s biggest sports event will now receive $7 million from the initial $5 million.

The runner-up will get $4 million instead of $2.7 million and each each of the two semi-finalist will receive $2.5 million. While, the quarter-finalists, each of the four teams will get $1.3 million.

According to CAF president, Patrice Motsepe, the football body has taken significant steps over the past two years in increasing the Prize Money of the AFCON and all its other major competitions.

“We have increased the Prize Money of the AFCON Winner to USD 7,000,000 which is a 40% increase from the previous AFCON prize.

“I am confident that a portion of the Prize Money will contribute to developing football and also benefit all the football stakeholders, as well as assist our Member Associations with their administrations.”

This year’s tournament will kick off on 13 January and end 11 February across four major cities in Ivory Coast.

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