AFCON Winners To Earn US$7 Million As CAF Increases Prize Money By 40%

The Confederation of African Football (CAF) has announced that the winner of the Africa Cup of Nations (AFCON) Côte d’Ivoire 2023 will receive US$7 million after a 40% increase in the prize money for the competition.

The runner-up of the AFCON will now receive US$4 million. Each of the two semi finalist will receive US$2.5 million and each of the four quarter-finalist, will also receive US$1.3 million.

In September,2023 CAF increased the AFCON prize money from US$4.5 million to US$5 million, while the second runner-up also moved from US$2.5 million to US$2.75 million.

The president of CAF, Dr Patrice Motsepe said: “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 US$7 million which is a 40% increase from the previous AFCON prize money.”

Dr. Motsepe is optimistic that this significant increase will not only enhance the sport but also contribute to the development of football.

”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.”

Story By: Princeton Wiredu