CHAN 2024: CAF announces $3.5 million increase in prize money

President of the Confederation of African Football (CAF), Patrice Motsepe, has confirmed the increase in prize money for the 2024 Championship of African Nations (CHAN).

Motsepe announced a $3.5 million reward for the winner of the tournament, which will hold from February 2-28. It will be jointly hosted by Kenya, Tanzania and Uganda.

He emphasised the significance of the competition for the continent’s football development.

“The CHAN is crucial for the growth and advancement of Africa-based footballers and young talent, and it will play a key role in enhancing the global competitiveness of African football and CAF competitions,” Motsepe stated.

“This tournament is part of our strategy to invest in African football, making it more appealing to fans, TV viewers, sponsors, partners, and stakeholders both in Africa and around the world,” he stated.

The prize money of the winner is now $3.5 million which is an increase of 75 per cent.

“We have also increased the total prize money of the CHAN Kenya, Tanzania and Uganda 2024 to $10.4 million, which is a 32 per cent increase.