The 16 teams at the Africa Cup of Nations in Equatorial Guinea will share a total of $10 million with the champions earning $1.5 million (1.3m euros, £990,000) the Confederation of African Football (CAF) said.

The beaten finalists will receive  a million dollars with the other two semi-finalists taking home $750,000 each.

A further breakdown of the prize monies will see quarterfinalists each guaranteed $600,000.

The third-placed teams in each of the first round groups will pocket $500,000, while the bottom teams get $400,000 each.

This year’s tournament will open on Saturday in Bata after Equatorial Guinea accepted to stage it following the late withdrawal by Morocco over fears of fans from abroad spreading the Ebola Virus  which has ravaged west Africa — Guinea are the only finalists to have been seriously affected — for more than a year.

Nigeria won the 2013 trophy in South Africa after they edged Burkina Faso 1-0 in the final — the Nigerians, though, failed to qualify for this edition.

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