CAF increases CHAN prize money by 75 percent to US$3.5 million
The Confederation of African Football (CAF) has announced an increase in the prize money for the winner of the CAF African Nations Championship (CHAN).
CAF president Patrice Motsepe said winners will take home 3.5 million U.S. dollars, up from 2 million U.S. dollars.
“This is an increase of 75 percent. We have also increased the total prize money to 10.4 million U.S. dollars, a 32 percent increase.”
Motsepe described CHAN as an important competition for the growth and development of Africa-based footballers, which will consequently contribute to African football’s competitiveness on the global stage. He noted that investing in CHAN is a strategy to make African football appealing to fans, sponsors, partners and other stakeholders.
The CHAN tournament will start on Saturday February 1 and will be jointly hosted by Kenya, Uganda and Tanzania. Kenya fell behind its neighbors in preparations, but Motsepe expressed confidence in the country’s ability to co-host the tournament.
In its seven editions, the competition has had five different winners, with DR Congo and Morocco being the only two nations to lift the title more than once.
