The top African football governing body, the Confederation of African Football (CAF), has revealed a monetary prize for all participating countries in the ongoing AFCON tournament in Côte d’Ivoire.

According to CAF, the winner of AFCON 2023 will walk away with $7 million for lifting the trophy, and the runners-up will take home $4 million.

In the four teams that will break through to the semi-finals, the two losers will each receive $2.5 million.

Of the eight teams that qualified for the quarterfinals, four losing teams will receive $1.3 million each. The eight teams knocked out in the round of 16 will get $800,000 each.

Additionally, two teams that finished third in their group but failed to advance will receive $700,000. The six teams that finished last in their groups got $500,000 each.

“Winner: $7,000,000

Runners-up: $4,000,000

Semi-finalists (two teams): $2,500,000 x 2

Quarter-finalists (four teams): $1,300,000 x 4

Round of 16 (eight teams): $800,000 x 8″, the CAF document released on Friday, February 2, 2024, reads in part.

The tournament has begun the quarterfinal stage with eight teams on Friday, February 2, 2024. The eight teams will play in search of advancing to the semifinals.

The road to the semi-finals has begun with Nigeria battling Angola at the Felix Houphouët-Boigny Stadium in Abidjan on Friday at 5 p.m. EST.