CAF To Spend $10.4 million On CHAN 2024, Announces New Prize Money

January 9, 2025
CHAN Cup
CAF Increases Prize money for CHAN

The Confederation of African Football (CAF) has given qualified teams an added reason to compete at the 8th edition of African Nations Championship (CHAN) with 75% in prize money.

Dr Patrice Motsepe led CAF has in recent times been improved the take home for championships to according to him give teams more reasons to compete.

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The team that emerges champion in this edition, set to kick off on February 1, will take home an impressive prize of $3.5 million. This amount reflects a substantial increase of 75% compared to the prize awarded to the Senegalese national team during the previous tournament held in Algeria two years ago.

READ ALSO: CHAN 2024: Super Eagles To Begin Close Camping January 6

In addition to the winner’s prize, CAF has announced that the total prize pool for the competition has also seen a considerable boost, rising to $10.4 million. This amount represents a 32% increase over the previous total, underlining CAF’s commitment to enhancing the financial aspects of the tournament and supporting African football.

As it stands, 19 countries have already secured their spots in this biennial competition, showcasing the widespread interest and competitiveness of African national teams. The draw ceremony, where participating teams will be organized into groups, is set to take place at the International Convention Centre in Nairobi, Kenya on Wednesday, January 15.

Recall that Senegal beat host Algeria 5-4 on penalties after a 0-0 draw to win the the last edition of  African Nations Championship, becoming the only country to win both the African Cup of Nations (AFCON) and the African Nations Championship (CHAN)

Participation in CHAN has increased considerable from 8 teams at the maiden edition in 2009 to 19 and still counting in the current edition. Thirty goals have been scored in the final matches of the championship in the past seven editions including 4-3 and 5-4 penalties recorded at the Libya and Ghana in 2014 and between Senegal and Algeria in 2022 respectively.

 

julius
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Julius Okorie is Chief Sports and Entertainment Correspondent for Prime Business Africa. He began his journalism career with the Champion Newspaper and Sporting Champion and later moved on to Daily Independent and the Nation Newspapers. Okorie joined Prime Business Africa in 2024 bringing on board 20 years of experience in writing investigative news on Sports and Entertainment. His well researched and highly informative articles on Sports Business and general entertainment are followed by a wide range of audience.

Julius Okorie

Julius Okorie is Chief Sports and Entertainment Correspondent for Prime Business Africa. He began his journalism career with the Champion Newspaper and Sporting Champion and later moved on to Daily Independent and the Nation Newspapers. Okorie joined Prime Business Africa in 2024 bringing on board 20 years of experience in writing investigative news on Sports and Entertainment. His well researched and highly informative articles on Sports Business and general entertainment are followed by a wide range of audience.

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