The Ugandan government has given Akon one square mile to create a second Akon City.
Akon will soon have yet another African city that bears his name.
The rapper-turned-business mogul is working to develop a futuristic city in Uganda. Last weekend he met with the country’s President Yoweri Museveni and they had a discussion about his proposals.
Visiting Uganda alongside a group of potential investors in January, Negusei revealed plans to invest $12 million in the country’s entertainment industry.
The Ugandan government has given Akon one square mile to create Akon City. The exact details are slim but it plans to operate on AKoin stellar-based cryptocurrency and is slated to be completed by 2036.
“I know if I put it there, they’re going to find a way to afford it because it’s going to motivate them,†Akon said when asked about the price tag of the project. “But ultimately when you create an opportunity, people grow with that opportunity, people learn with that opportunity, people are motivated with that opportunity.â€
It includes a Hamptons Hospital campus, parks, stadiums, police department, and a waste management system. Construction of the city in Senegal begins this year and is expected to be completed in the next three years.
Neither Akon nor the Ugandan government provided any information about the estimated cost of the city during the press conference announcing the project.
However, Akon stated that the crypto city will help to attract more investments to the country while also creating employment opportunities for Ugandans. Akon City in Uganda is expected to be completed by 2036.
Apart from crypto cities in two African nations, the Akoin project is also partnering with the $2-billion Mwale medical metropolis in Kenya. As previously reported by Cointelegraph, AKN is set for full deployment within the medical and tech city and will be used for staff salaries, as well as everyday payment transactions.
As part of the rollout, the Akoin team also debuted an AKN debit card that allows holders to spend Akoin across 40 million online merchants around the world.