Patrice Motsepe, president of the Confederation of African Football (CAF), has unveiled an impressive increase in the prize money for the upcoming 2024 African Nations Championship (CHAN).
Scheduled to take place from February 1 to 28, 2025, this edition of the tournament promises to offer a larger financial incentive for participants.
Motsepe announced that the winner’s bonus for the competition will see a significant rise of 75%, bringing the total prize money for the champion to a staggering USD 3.5 million (approximately €3.38 million).
The overall prize pool for the competition has also been boosted by 32%, now totaling USD 10.4 million (roughly €10.05 million).
We are excited about the upcoming TotalEnergies African Nations Championship in Kenya, Tanzania, and Uganda in 2024 and have significantly increased the prize money,” Motsepe stated, emphasizing the commitment of CAF to enhancing the value of the tournament.
This boost in prize money is a part of CAF’s broader strategy to foster the development of African football.
The president explained that these increased financial rewards aim to elevate the competition’s profile and make it a more enticing prospect for both players and teams, particularly those based in Africa.
CHAN is an important competition for the development and growth of African-based football players and talented young players,” Motsepe added.
BREAKING: CAF has announced a 75% increase in the Prize Money💰for the Winner of the TotalEnergies CAF African Nations Championship (“CHAN”) Kenya, Tanzania and Uganda 2024.
The winner will now receive USD 3.5 million. 🏆
The total prize money of the CHAN Kenya, Tanzania, and… pic.twitter.com/AXUlaaD0XT
— CAF Media (@CAF_Media) January 7, 2025
He further highlighted the tournament’s role in enhancing the global competitiveness of African football, ensuring that CAF competitions remain at the forefront of international sport.
The increased financial incentive is expected to attract even more attention to the tournament, with the potential to draw in top-tier players and teams from across the continent.
There are already indications that the offer could encourage previously hesitant nations, such as Algeria, to reconsider their stance.
Algeria had previously declared its forfeit from the competition in September 2024, but reports suggest that CAF has reached out to the country in an effort to restore its participation.
With the larger prize pool, the 2024 CHAN is set to become a more lucrative and competitive event, furthering CAF’s goal to elevate the stature of African football on the global stage.
