CAF increases AFCON prize money by 40%

The Confederation of African Football (CAF) has announced a 40% increase in the prize money for the winner of the 2023 Africa Cup of Nations (AFCON) in Ivory Coast.

The winner of the AFCON, which kicks off next weekend on Saturday, January 13, 2024, will receive USD 7,000,000.

The runner-up of the competition will now get USD 4,000,000 while each of the two semi-finalists will receive USD 2,500,000.

The tournament’s four quarter-finalists will take home USD 1,300,000.

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CAF president 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 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.”

Calvin Kaumba Chikenge January 4, 2024

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Posted by Calvin Kaumba Chikenge

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Calvin Kaumba Chikenge is an award-winning Zambian multimedia sports journalist well known for his exclusive stories and feature writing. He was voted 2023/24 MTN/FAZ Super League journalist of the year. In addition to reporting on sports for Spring TV, he interned for the Zambia Daily Mail newspaper. He is the current Ballon d'Or juror and has contributed to numerous international publications, including the Guardian in the UK, and is the editor of BolaNews.