2023 AFCON: CAF Increases Prize Money by 40%
With nine days left until the kickoff of the 2023 Africa Cup of Nations in Côte d’Ivoire, the Confédération of African Football (CAF) has announced a 40% increase in the prize money for the winner of the prestigious continental competition.
The winner of the competition will now be USD 7 million, and the runner-up will be USD 4 million. Each of the two semi-finalists will receive USD 2.5 million, and each of the four quarter-finalists will receive USD 1.3 million.
CAF president, 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 for the AFCON winner to USD 7 million, 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.”