The Confederation of African Football (CAF) on Thursday, 4 January 2024, announced a 40% increase in the prize money for the winner of the 2023 Africa Cup of Nations in Côte d’Ivoire.

In a statement released on CAF’s website, cafonline.com, the of this year’s tournament will now receive $7 million from the initial $5 million.

The runner-up will get $4 million instead of $2.7 million and each each of the two semi-finalist will receive $2.5 million.

For the quarter-finalists, each of the four teams will get $1.3 million.

According to CAF president, Patrice Motsepe, the football body has made significant progress over the past two years in increasing the Prize Money of the AFCON and all its other major competitions.

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“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.”

This year’s edition will kick off on 13 January and end 11 February.