CAF Jerks Up AFCON 2023 Prize Money To $7m

The winners of the 2023 Africa Cup of Nations (AFCON) in Cote d’Ivoire will return home with a reward worth $7 million (about N6.53 billion) as the Confederation of African Football (CAF) has announced a 40% increase in the prize money.

The winners’ prize money was increased from $5 million awarded to Senegal for winning the 2021 edition in Cameroon.

The runner-up of the tournament in Côte d’Ivoire 2023 will now receive $4 million, while the two Semi-finalists will receive $2.5 each. Each of the four quarter-finalists will return home with $1.3illion, respectively.
CAF President, Dr Patrice Motsepe, in a statement, said the increase was the reward of the significant progress over the past two years.

“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,” Motsepe stated.