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First with the News

CAF Increases Prize Money For CHAN

January 8, 2025
in Sports, Top Stories
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By Victor Kanayo

The Confederation of African Football (CAF) has announced an increase in the prize money for the 2024 African Nations Championship, scheduled to kick off on 1 February 2025.

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Kenya, Tanzania, and Uganda are already set to host the tournament, which is meant for players plying their trade domestically.

CAF, in a statement, said the competition’s prize money has been raised by 75%.

This means the winner of the upcoming edition will receive $3.5 million.

CAF also announced that the total prize money for CHAN 2024, scheduled between 1 February and 28 February 2025, has been increased to $10.4 million, representing a 32% rise.

Quoting CAF President Patrice Motsepe, the statement said:

“We are excited about the upcoming TotalEnergies CAF African Nations Championship (‘CHAN’) Kenya, Tanzania, and Uganda 2024 and have significantly increased the prize money for the winner to USD 3.5 million, which is an increase of 75%. We have also increased the total prize money of the CHAN Kenya, Tanzania, and Uganda 2024 to USD 10.4 million, which is a 32% increase.

“The CHAN is an important competition for the development and growth of Africa-based football players and talented young players and will contribute significantly to the global competitiveness of African football and CAF competitions.

“This competition is part of our strategy of investing in African football and making it appealing and attractive to football fans, TV viewers, sponsors, partners, and other stakeholders in Africa and worldwide.”

17 countries have already qualified for the tournament.

They are Kenya, Tanzania, Uganda, Morocco, Guinea, Senegal, Mauritania, Niger, Burkina Faso, Nigeria, Central African Republic, Democratic Republic of Congo, Congo, Sudan, Zambia, Angola, and Madagascar.

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