Confederation of African Football (CAF) has recently declared a substantial 40% boost in prize money for the upcoming Africa Cup of Nations (AFCON) in Côte d’Ivoire in 2023.
The victor of the tournament is now set to receive an impressive $7 million, while the runner-up will be awarded $4 million.
There’s also an increase in financial incentives for the semi-finalists and quarter-finalists, with each semi-finalist securing $2.5 million and each quarter-finalist earning $1.3 million.
This significant surge in prize money aims to elevate the competition’s intensity and excitement, making the 2023 AFCON even more captivating for both fans and participants.
CAF President Dr. Patrice Motsepe emphasised the organization’s substantial progress in enhancing prize money for major competitions in the past two years.
He expressed confidence that a portion of the prize fund will contribute to football development and benefit all stakeholders, including member associations in need of administrative support.
The augmented prize money for the 2023 AFCON is poised to generate heightened interest and attention for the tournament, which is already highly anticipated in African football.
With elevated stakes and increased financial rewards, fans can anticipate witnessing even greater passion, determination, and thrilling performances from the participating teams.
The 2023 AFCON, commencing on January 13, 2024, is expected to deliver an unforgettable experience for football enthusiasts across the continent and beyond.