The Confederation of African Football (CAF) have increased the prize money of the 2023 Africa Cup of Nations by 40 percent.
The decision will see the winner of the competition receive a record $7 million, a two million increase of what Senegal earned for winning the AFCON against Egypt in 2021.
Moreover, the runner-ups of the competition which will take place in Ivory Coast will now be awarded $4 million, an increase from the $2.75 million Egypt pocketed in the last edition.
Losing in the semi-finals will see each of the two teams receive $2.5 million, while each of the four quarter-finalists will get paid $1.3 million.
Speaking of the decision CAF President 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.”
