EAST AFRICA, Aug. 8 -- THE President of the Confederation of African Football (CAF) has explained the reason behind the recent increase in prize money for the African Nations Championship (CHAN).

A brand-new trophy and a 75 per cent increase in prize money for the winners make this years edition co-hosted by Kenya, Tanzania, and Uganda exciting.

For the first time in the tournaments history, the champions will take home a remarkable 3.5 million US Dollar while the runners-up will earn 1.2 million US Dollar with the third and fourth-place teams getting 700,000 US Dollar and 600,000 US Dollar, respectively.

Each of the four losing quarter-finalists will receive 450,000 US Dollar, while teams finishing third or fourth in their groups will...