The Confederation of African Football (CAF) has just announced a substantial 40% increase in the prize money for the 2023 TotalEnergies Africa Cup of Nations (AFCON) scheduled in Côte d’Ivoire from January 13 to February 11.

The champion of the TotalEnergies AFCON Côte d’Ivoire 2023 will now receive $7 million, a notable boost from the $5 million awarded to Senegal in 2021. The runner-up’s prize has also been elevated to $4 million, while each semi-finalist will now pocket $2.5 million, and quarter-finalists will receive $1.3 million each.

This announcement, made on Thursday, January 4, 2024, follows CAF’s earlier increase in the winner’s prize from $4.5 million to $5 million in 2021, when Senegal triumphed over Egypt in a penalty shootout.

According to CAF, this significant boost in prize money aims to heighten the competition’s intensity and elevate the stakes for the participating teams, promising an even more thrilling 2023 AFCON.

Dr. Patrice Motsepe, the President of CAF, expressed optimism, stating, “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 7,000,000, which is a 40% increase from the previous AFCON Prize Money.”

He continued, “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.”