The winner of this year’s 5th edition of the African Nations Championships (CHAN) in Morocco will pocket a staggering US$2.5 million in prize money, which represents a 67% increase from $750,000 awarded to winners of the previous editions.
The first runners-up will walk away with $700,000, a 75 per cent increase from $400,000, while the semi-finalist will take home $400,000, an increase of up to 60 per cent.
The increase in prize money comes months after the Confederation of African Football (CAF) signed a sponsorship agreement with French oil giants, Total.
As part of the deal, the CAF Champions League, which previously had $1.5 million prize money, now onwards will use $2.5 million through 2020, while CAF Confederation Cup will have an increase of almost 90% with the winners taking a total of US$1.25 million against $660,000 previously won.
The CHAN 2016 edition, hosted in Rwanda, saw Amavubi, who reached the quarter-finals, pocket $175,000, a position that will now fetch $300,000.
Effective this year’s edition, all 16 participating teams will get $100,000.