The Confederation of African Football (CAF) has announced an increment in prize money for the teams starting this year.

The new increment sees a 52% rise in the cash prize for all teams who qualified for the 2024 edition to be held in Morocco this month.

CAF first introduced prize money for the competition in 2022 after the inaugural edition, which did not offer cash prizes to the competing teams.

In the last two editions, each team walked away with a cash prize of $100,000. While the eventual winners got $400,000.00, the runners-up and semifinalists took home $250,000.00 and $200,000.00 respectively.

With the new increment, each team is assured at least $150,000.00 while the winner is expected to claim $600,000.00 as prize money.

Here is the full statement from CAF:

The 2024 CAF Women's Champions League will start on Saturday, November 9, with the final scheduled for November 23.