Confederation of Africa Football (CAF) executive committee has decided to increase the prize money for the Africa cup of nations.
The decision came on Friday in a meeting with the CAF president Dr. Patrice Motsepe in Douala Cameron and this was done to improve the status of the tournament which have been regarded as a “small” competition and also a reward for merit performance.
The initial prize money announced was $4.5m, but an addition of $500k would take the total prize money to $5m, the Runner up will get $250k more, teams that make it to the semi final will go home with a $2.2m an increase of $200k, while teams that finish in the last eight will get $1.175m an increase of $175k.
Champions of the 2019 edition Algeria, went home with $4.5m but this new increase will take effect from the 33rd edition which kicks off January 9th In Cameron.
Following the changes made, this will be the new prize for the teams.
Winner: USD 5 million (an increase of USD 500 000)
Runner-up: USD 2.75 million (an increase of USD 250 000)
Semi-Finalists: USD 2.2 million (an increase of USD 200 000)
Quarter-Finalists: USD 1.175 million (an increase of USD 175 000)
Amidst the Pandemic and Security concerns the 2021 Africa cup of nations will go down on Sunday in Douala with host Cameron serving the opening game as they slug it out with Burkina Faso.