The Confederation of African Football (CAF) has increased the champions prize money of the 2021 Africa Cup of Nations (AFCON) to five million U.S. dollars (about N2.8 billion).
The the winners’ prize was increased from 4.5 million dollars, reflecting an increase of about 11 percent.
This decision was made on Friday in Douala, Cameroon during the meeting of the CAF Executive Committee.
The prize money increase is beginning with the 2021 AFCON which gets underway on Sunday in Yaounde.
The runners-up will get 2.75 million dollars in prize money, a 10 percent increase from the initial 2.5 million dollars.
The prize monies for the semi-finalists and the quarter-finalists were also increased, with the total sum of the increase on all prize monies being 1.85 million dollars.
CAF, in a statement, said the increase was in line with its commitment to rewarding merit performance and enhancing the status of the competition, which is now in its 33rd edition.
