The Confederation of African Football (CAF) has unveiled a record-breaking total prize pool of $10.4 million for the 2024 African Nations Championship (CHAN), marking a significant financial leap and underlining CAF’s strategic push to elevate the tournament’s profile.
For the first time since its inception, the champions of CHAN 2024 will earn $3.5 million, representing a massive 75% increase from the $2 million awarded to the winners of the previous edition. The runner-up will receive $1.2 million, while the third and fourth-place teams will be rewarded with $700,000 and $600,000, respectively.
CAF has ensured the prize structure accommodates all 19 participating teams, with even early exits receiving financial recognition. The four losing quarter-finalists will each take home $450,000, while teams that finish third or fourth in their groups will earn $300,000 or $200,000, based on their group structure. Additionally, the bottom-placed teams in the five-team groups will each receive $200,000.
CAF President Dr Patrice Motsepe, in a statement released by the federation, emphasized the importance of the prize increase in supporting African football at the grassroots level.
“This increase in prize money will support the development of locally based players and help strengthen the global competitiveness of African football,” Motsepe said.
He reaffirmed CHAN’s role as a key part of CAF’s broader football development agenda, stating:
“The tournament remains a key part of our strategy to make African football more appealing to fans, sponsors, and global broadcasters.”
The 2024 CHAN tournament, officially titled CAF African Nations Championship Kenya, Tanzania, and Uganda 2024, will make history as the first-ever edition jointly hosted by three nations. Set to run from August 2 to 30, 2025, the competition will feature prominent African sides, including defending champions Senegal, two-time winners Morocco and DR Congo, as well as continental heavyweights Nigeria, Algeria, Guinea, and Zambia.
For Nigeria, this edition holds extra significance. The Super Eagles are returning to the CHAN stage after missing the last edition, having qualified by defeating arch-rivals Ghana 3–1 on aggregate. With their best CHAN finish being runners-up in 2018, the Nigerian squad will be eager to capitalize on this renewed opportunity and challenge for the title under the expanded financial incentives.
CAF’s new prize structure reinforces its commitment to empowering domestic-league players and expanding the commercial appeal of African football on a global scale — setting the stage for the most competitive CHAN yet.
