The Confederation of African Football (CAF) has increased prize money for the 2023 Africa Cup of Nations (AFCON) winner in Cote d’Ivoire by 40 per cent.
On its website on Thursday, CAF said the winner of the TotalEnergies AFCON will receive $7 million.
The tournament will run from January 13 to February 11, 2024, with 24 countries participating.
According to the organisation, the runner-up will get $4 million, the two semi-finalists will receive $2.5 million, and each quarter-finalist will reach $1.3 million.
Patrice Motsepe, CAF President, while speaking on the development, said the body had over the past two years increased the prize money of the AFCON.
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 of the AFCON winner to seven million dollars, which is a 40 per cent increase from the previous 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.”
