The Confederation of African Football (CAF) has announced that the 2024 Africa Cup of Nations winners will receive a record of about Kes 1.2 billion.

The prize money is 40 percent more than what Senegal pocketed for winning the last edition in Cameroon two years ago.

The runners-up in the Ivory Coast, who host the premier African football tournament from January 13 to February 11, will receive four million dollars.

According to the statement, losing semi-finalists get $2.5 million each and quarter-finalists 1.3 million each, which gave no other prize money details.

Hosts Ivory Coast and 23 other countries, including record seven-time champions Egypt, will be challenging for glory in the West African nation.

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Two-time champions Ivory Coast play Guinea-Bissau, without a win in three previous appearances, on January 13 in the tournament opener at the 60,000-seater Alassane Ouattara Stadium in Abidjan.