Sports Business

CAF Boosts WAFCON Prize Money as Morocco Hosts 2024 Tournament

The 2024 CAF Women’s Africa Cup of Nations (WAFCON), scheduled in Morocco from today, July 5 to 26, will see the winner take home USD 1,000,000 (Ksh 1.4 million), with the runner-up earning USD 500,000. The Confédération Africaine de Football (CAF) has doubled the winner’s prize and increased the tournament’s total prize pool by 45%.

CAF President Dr. Patrice Motsepe emphasized the federation’s commitment to advancing women’s football in Africa, noting that the prize money increase aims to improve salaries for players, coaches, and staff. He highlighted the rising quality of African women’s football and anticipated a surge in fans, viewers, and sponsors for the 2024 tournament, predicting it will be a major success.This year’s WAFCON marks the first without a debutant team, as all participating nations have prior experience. Host nation Morocco, the Atlas Lionesses, seeks redemption after losing the 2022 final to South Africa. Meanwhile, defending champions Banyana Banyana, led by coach Desiree Ellis, aim to retain their title. Nigeria, nine-time champions, are determined to reclaim dominance after a semifinal exit in 2022.

Prize Money Breakdown:

Winner: USD 1,000,000

Runner-up: USD 500,000

Third place: USD 350,000

Fourth place: USD 300,000

Quarter-finalists (4 teams): USD 200,000 each

Group stage third place: USD 150,000

Group stage fourth place (3 teams): USD 125,000 each

Javan Okwayo Ekhalie

I'm a sports journalist that covers a wide range of sports including basketball, football, athletics, rugby, etc., both locally in Kenya and internationally. My love for sports and the sports business industry has given me opportunities to work with sports media companies from Kenya and internationally, including sports writing, photography, commentary, podcasting and interviews.

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