Tag Archives: Senegal

Hip Hop, Hip Hop News, Hip Hop News | Trending Hip Hop Stories, News

Akon Reportedly Inks $6 Billion Construction Contract for CryptoCurrency-Themed Senegal City

Leave a comment

Akon Inks $6 Billion Construction Contract for CryptoCurrency-Themed Senegal City

Akon reportedly inked a $6 billion construction contract with United States-based engineering and consulting firm, KE International, to build his city his Senegal, according to PRWeb.

The first phase of the cryptocurrency-themed city is expected to be completed in 2023. It will include the construction of roads, a Hamptons Hospital campus, Hamptons Mall, a police station, a waste facility, a school, and a power plant. 

Phase 2 is scheduled for 2029 and will integrate businesses to run on Akon’s AKOIN cryptocurrency. The Senegalese-American rapper’s city will also include a stadium, universities, and an industrial complex in Akon City. 

The “Locked Up” rapper partnered with US-based Kenyan entrepreneur and Investor, Julius Mwale. Akon also has blessings from the President of Senegal, Macky Sall, who will grant the city tax breaks geared to encourage companies to invest.

Akon City will operate 100% on renewable energy and will be a Leader in Energy and Environmental Design (LEED) certified city.

The entire construction is expected to be completed in 10 years.  

The post Akon Reportedly Inks $6 Billion Construction Contract for CryptoCurrency-Themed Senegal City appeared first on The Source.

Click Here to Discuss in the Forums

Spread the love
             
 
   
Hip Hop, Hip Hop News, Hip Hop News | Trending Hip Hop Stories, News

Akon is Set to Release 3D Layout of His Futuristic City in Senegal

Leave a comment

Akon is gearing up to build a city in Senegal and he gave some more details about his plans in a brief interview with TMZ.

“We got the land,” he said. “We got all the licenses and everything to move forward. That’s the update. I’m giving you the update. See, I’ve been working on this for about seven years trying to get the bases going and we finally secured the land.”

He revealed that securing the land was the hardest part and listed some of the obstacles he’s facing in the process. “With the land being secured, we have to also be regulated as and considered a city,” he explained. “There’s already a city within the city. And I’m trying to create an area where I can work out with my partnership through the government to where it’s a free zone.”

The most notable part of this conversation is Akon’s focus on the technology of the future. “We want all the latest in future technologies,” he said. “I don’t want nothing from the old days. I want it all to be based on tomorrow’s technology and how it’s gonna be built for our future because all the latest technology now is all instruments and minerals and resources taken from Africa. I’m already in Africa, so we can build everything within the African continent without having to outsource anything from the outside.”

This sounds like a scene straight out of Marvel’s Black Panther, but we’ll be able to get a first-look soon. “Don’t worry,” he said. “In a minute, I’m about to reveal the whole city and what it’s gonna look like [through] 3D rendering. I’m going to be able to post it on YouTube so y’all can see the city before it builds up.”

The post Akon is Set to Release 3D Layout of His Futuristic City in Senegal appeared first on The Source.

Click Here to Discuss in the Forums

Spread the love
             
 
   
Hip Hop, Hip Hop News, News

Akon Officially Establishes ‘Akon City’ In Senegal

Leave a comment
Akon Lighting LA - Disclosure Festival

Source: Gabriel Olsen / Getty

Akon has been putting on for his city—literally.

After the success of his cryptocurrency, Akoin, Akon finally announced the finalization of his new city, Akon City, in his home country of Senegal. The announcement, which was made on Monday (Jan. 13) via the singer’s Instagram, featured Akon along with members of the Senegal Board of Tourism showcasing the decree solidifying the establishment of the new city.

“Just finalized the agreement for AKON CITY in Senegal. Looking forward to hosting you there in the future,” Akon captioned the historic moment.

Although specific plans for the city have yet to be released, Akon did give fans a sneak peek at his plans during his interview with Nick Cannon in December.

Part of initializing plans for his city was the Lighting Africa Initiative in which Akon brought electricity to impoverished parts of his home country via solar power.

“It’s all renewable, the Akon-tainment solar city. It’s all renewable,” Akon said during the interview. “[It’s] A real physical place, it’s going to have a real airport. It’s a 10-year building block so we’re doing it in stages. We started construction in March and stage two is going to be 2025.”

While Akon has continued to put his money to good use by aiding his home country, during the interview he did have stern words for billionaires who haven’t put their money toward similar efforts. “If you can have a billion dollars sitting in the bank, while you have all these people suffering, it’s crazy to me. It’s like a waste of a billion dollars,” he said.

During the ceremony, the SAPCO representatives shed light on the future of the project. According to the Senegal based publication Jarkata Post, the tourism ministry has nothing but high praise for Akon and the deal, noting that the size of the deal is still being negotiated but part of his plans include building a complex in the seaside village of Mbodiene, some 120 kilometers south of the capital Dakar.

In case you missed it, check the insightful interview below.

Source: HipHopWired.com

Click Here to Discuss in the Forums

Spread the love