In a groundbreaking move, the Confederation of African Football (CAF) has announced a significant increase in the prize money for the upcoming 2023 Africa Cup of Nations (AFCON). The winner of the prestigious biennial competition will now receive a staggering $7 million, marking a 40% increment from the previous edition.
This monumental decision was revealed by CAF President, Patrice Motsepe, who expressed optimism about the positive impact of this financial enhancement. “CAF has made significant progress over the past two years in increasing the Prize Money of the AFCON and all its other major competitions,” Motsepe stated. He further emphasized the potential of the increased prize money to contribute to the development of football and benefit various football stakeholders and member associations across the continent.
The runners-up of the AFCON will also witness a substantial rise in their earnings, now set at $4 million, with the two semi-finalists each receiving $2,500,000. Additionally, the four quarter-finalists will be awarded $1,300,000 each. This commendable initiative not only reflects CAF’s commitment to promoting football excellence but also underlines its determination to support the growth and prosperity of the sport in Africa.
The upcoming 34th edition of the AFCON is poised to commence on a high note with the opening match scheduled to take place next week Saturday, featuring hosts Cote d’Ivoire against Guinea-Bissau. The thrilling competition is anticipated to culminate in the final showdown on Sunday, February 11, promising a feast of top-class football action and unrivaled excitement.
This notable rise in prize money not only elevates the prestige of the AFCON but also underscores CAF’s dedication to fostering a thriving football ecosystem across the African continent. As teams gear up to compete for glory and honor, the increased financial incentives serve as a beacon of hope for the advancement of football in Africa, ushering in a new era of possibilities and opportunities for players, coaches, and football enthusiasts alike.
