AFCON 2023: CAF Increases Prize Money to USD 7Million Dollars

The Confederation of African Football has announced its decision to increase the prize money for the winner of the upcoming Africa Cup of Nations to $7 million, citing its commitment to the development of African football.

In a report published , CAF noted a 40% increase in the prize money for the winner of the 34th edition of the upcoming AFCON, to be held in Cote d’Ivoire on January 13.

“CAF has made significant progress 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 Money, 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.”- CAF President Patrice Motsepe said in a statement.

This huge sum of money exceeds that of the defending champions Senegal in the previous edition, where they received $4.5 million.

The runners-up will take home $4 million, each semi-finalist will receive $2.5 million, and each of the four quarter-finalists $1.3 million.

Senegal, the defending African champions, took home $4.5 million in prize money from the latest edition of the AFCON.

Story by: George Opoku Boateng .
gopokuboateng@gmail.com .Ahotor Fm. X-Prekese GH