Caf increases prize money of Afcon by 40%

The Confederation of African Football, CAF, today announced a 40% increase in the prize money for the Africa Cup of Nations, which begins this month in Ivory Coast.

The tournament’s winner will receive $7,000,000, while the runners-up will take home $4,000,000. .

Each of the two semi-finalist will receive $2,500,000 and each of the four quarter-finalist, $1,300,000.

The President of CAF 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 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.”

The continental showpiece kicks off 13 January.