Football

CAF increases AFCON prize money by 40%, winner to get $7 million

The Confederation of African Football (CAF) Thursday announced a 40% increase in the Prize Money for the Winner of the TotalEnergies Africa Cup of Nations (“AFCON”) Côte d’Ivoire 2023.

According to a press release by the African football governing body on Thursday, the Winner of the TotalEnergies AFCON Côte d’Ivoire 2023 will receive USD 7,000,000 (about 26.7 Billion Uganda Shillings).

Similarly, the Runner-up of the TotalEnergies AFCON Côte d’Ivoire 2023 will now get USD 4,000,000 (about Ugx 15bn). Each of the two semi-finalists will receive USD 2,500,000 (9.5bn) and each of the four quarter-finalists, USD 1,300,000 (4.9bn).

CAF President Dr Patrice Motsepe while announcing the new increase said that CAF has made significant progress over the past two years in increasing the Prize Money of the AFCON and all its other major competitions, thus the change in the tournament which kicks off in less than a week in Ivory Coast (January 13, 2024).

“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,” Dr Motsepe stated.

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The 34th edition of the Africa Cup of Nations will be held in Ivory Coast from January 13 to February 11 and the significant increase in prize money is undoubtedly expected to raise the stakes and intensify the competition, making the 2023 AFCON even more thrilling for participants.

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