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The prize money for the 2023 Arica Cup of Nations, or AFCON, has been increased by the Confederation of African Football (CAF).
The biennial competition winner will take home a cool $7 million.
The two semi-finalists will each receive $2,500,000, while the runners-up will now receive $4 million.
The four quarter-finalists will receive $1,300,000 apiece.
Patrice Motsepe, President of Africa’s soccer governing body, told CAFonline that “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.”
The opening match of the 34th AFCON championships between hosts Cote d’Ivoire and Guinea-Bissau is scheduled for this Saturday of next week.
The competition closes on Sunday, February 11th.
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