In its bid to contribute to the development of the leather games, the Confederation of Africa Football (CAF) has reiterated that the commission is ready to increase the winning prize for the 2023 AFCON by forty per cent, with a significant increase from Five million dollars to Seven million dollars.
Announcing the cash prizes in a statement by the CAF President, “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,” Dr Patrice Motsepe said.
Motsepe further added that the African Cup of Nation tournament’s runners-up will receive $4 million (N5 billion), while the losing semi-finalists, South Africa and the Democratic Republic of Congo, will each receive $2.5 million.
The CAF President, however, disclosed that the four quarter-finalists will each receive $1.3 million as their cash prizes.