CAF Boosts AFCON Prize Money by 40%, Winner to Receive $7 Million

The Confederation of African Football (CAF) announced on January 4, 2024, that the prize money for the Africa Cup of Nations (AFCON) has been increased by 40%.

This means that the winner of the prestigious tournament will now pocket a cool $7 million.

The decision, which was made public by CAF President Dr. Patrice Motsepe, comes as a result of the organization’s efforts to raise the profile of African football and reward the hard work and dedication of the continent’s top teams.

“We have made significant progress over the past two years in increasing the prize money of the AFCON and all its other major competitions,” Motsepe said in a statement. “We have increased the prize money of the AFCON Winner to seven million dollars, which is a 40% increase from the previous prize money.”

In addition to the increased prize money for the winner, the runner-up will now receive $4 million, while each of the two semi-finalists will $2.5 million and each of the four quarter-finalists will get $1.3 million.

This news has been met with excitement and enthusiasm from fans and players alike, with many taking to social media to express their delight at the increased prize money.

It is hoped that this development will help to further raise the standard of African football and attract even more top talent to the continent.

The decision by CAF to increase the prize money for the AFCON by 40% is a significant step forward for African football, and one that is sure to have a positive impact on the game in the years to come.