Caf and Motsepe announce prize money increase for Afcon

This year’s winners of the Africa Cup of Nations (Afcon) will walk away with a whopping $7 million (R131 million).

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This comes after Caf on Thursday announced a 40 percent increase for the cash prize of the competition which will take place in Ivory Coast.

The runners-up will walk away with $4 million (R75 million), with the semi-finalists set to get $2,5 million each and the quarterfinalist will receive $1,3 (R24 million) each.

“The Confédération Africaine de Football (“CAF”) today announced a 40% increase in the Prize Money for the Winner of the TotalEnergies Africa Cup of Nations (“AFCON”) Côte d’Ivoire 2023,” read a statement from Caf.

“The Winner of the TotalEnergies AFCON Côte d’Ivoire 2023 will receive USD 7 000 000.

“The Runner-up of the TotalEnergies Afcon Côte d’Ivoire 2023 will now get USD 4 000 000. Each of the two semi-finalist will receive USD 2 500 000 and each of the four Quarter-finalist, USD 1 300 000.”

Caf president Patrice Motsepe says he is confident that the prize money will go a long way in helping football development in Africa.

“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,” said the Caf boss.

“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.”

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The Afcon is set to start on 13 January and will run until 11 February.