Construction of $6 billion cryptocurrency-themed city in Senegal to resume next year- Akon

 

Senegalese-American singer turned businessman, Akon has revealed the construction of his $6 billion cryptocurrency-themed city in Senegal will resume next year.

The music executive made the announcement about Akon City on Monday, saying he’s optimistic that the project will provide jobs for the people of Senegal, USA Today reports.

He also hopes it will become a “home back home” for Black Americans and others dealing with systemic racism.

“The system back home treats them unfairly in so many different ways that you can never imagine. And they only go through it because they feel that there is no other way,” Akon said. “So if you’re coming from America or Europe or elsewhere in the diaspora and you feel that you want to visit Africa, we want Senegal to be your first stop.”

According to Complex;“…he and government officials visited the construction site located in Mbodiène, about 75 miles outside the country’s capital of Dakar.

Akon said the project has acquired about one third of the $6 billion it needs, but didn’t reveal his investors.

Phase one of the construction work is slated to begin in early 2021 and expected to take over three years to complete. It reportedly encompasses the construction of roads, a Hamptons Hospital campus, Hamptons Mall, police station, waste facility, school, and power plant.

The second phase will end in 2029 and focus on integrating businesses to run on Akon’s AKOIN cryptocurrency. Akon City will also have parks, a stadium, a seaside resort, universities, a tech hub, recording studios, and more.

The intention has been likened to Wakanda, the fictional utopian city in Marvel’s Black Panther, a comparison Akon acknowledged as an “honor.”

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