The 1992 African Cup Winners' Cup football club tournament was won by Africa Sports in two-legged final victory against Vital'O FC.

This was the eighteenth season that the tournament took place for the winners of each African country's domestic cup.

Thirty-eight sides entered the competition, with Chief Santos withdrawing before the 1st leg of the preliminary round and Highlanders F.C.

withdrawing before the 1st leg of the first round.