By Nana Kwame Bediako
The Confederation of African Football (CAF) on Thursday, 4th January, 2024 announced an increase of 40% in the prize money for the winner of the AFCON 2023.
The increase in the prize money depicts the progress the tournament has made since its 33rd edition in Cameroon. The biggest Football governing body in Africa seeks to make the 34th edition a memorable one as it has always been.
The winners of the 34th edition of the Africa Cup of Nations will be receiving a whopping $7 million with the runner-up accumulating $4 million. The third and fourth-place teams will take home $2.5 million each while the quarter-finalists will also receive $1.3 million.
CAF President, Dr Patrice Motsepe explained the importance of the increase of the prize money after it was disclosed to the public. He also emphasized on the progress CAF has made in the past two years.
“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. 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”; said Dr Patrice Motsepe.
