AFCON 2023: CAF’s historic $7 million prize money signals new era


In a groundbreaking move for African football, the Confederation of African Football (CAF) has officially announced a substantial 40% increase in prize money for the winner of the upcoming TotalEnergies Africa Cup of Nations (AFCON) Côte d’Ivoire 2023.

This significant boost in financial rewards marks a new era in the continent’s premier football tournament, with the champion now set to receive a whopping $7 million, a stark increase from previous editions.

Dr. Patrice Motsepe, the President of CAF, emphasized the organization’s commitment to elevating African football.

“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 $7 million, which is a 40% increase from the previous AFCON Prize Money,” Motsepe said.

He expressed confidence that this increase will not only benefit the teams and players but also contribute to the development of football across the continent, assisting member associations in their administrative and developmental endeavors.

The financial rewards extend beyond the champions, with the runner-up set to receive USD 4 million. The two semi-finalists will each be awarded $2.5 million, and each of the four quarter-finalists will take home $1.3 million.

This structured prize money distribution ensures that teams are rewarded progressively as they advance through the tournament stages, incentivizing competitive performance throughout the event.

AFCON 2023, set to be held in Côte d’Ivoire, promises to be one of the most exciting editions yet.

The tournament will see an expanded lineup of 24 teams vying for the prestigious title, a testament to the growing competitiveness and quality of football on the African continent.

Fans can look forward to witnessing a blend of established powerhouses and emerging talents, all competing for national glory.

The defending champions, Senegal, will seek to retain their title amidst a field of determined challengers.

As the teams prepare for the kickoff, the anticipation builds, not only for the thrilling football action on the field but also for the broader impact that this tournament, with its increased financial incentives, will have on the development of the sport in Africa.

AFCON 2023 is more than just a football tournament; it’s a celebration of African football’s growing stature on the world stage.

With increased prize money, expanded participation, and the spotlight on Côte d’Ivoire’s hosting capabilities, this edition of AFCON is set to kick off with high expectations and even higher excitement.

Fans across the globe eagerly await the start of the games, anticipating a festival of football that will showcase the best of African talent and spirit.

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