Akon Received a $6 Billion Contract to Build a Crypto City

Akon is a famous musician and entrepreneur, who would like to make the crypto part of everyday life. Moreover, he wants to build a crypto-driven city. In fact, he plans to build this city in his home country on a 2,000-acre parcel gifted by the Senegalese president.

Interestingly, the metropolis would become Senegal’s first Leadership in Energy and Environmental Design (LEED)-certified city. In January, Senegalese-American singer signed a “memorandum of understanding” with Senegal’s state-owned tourism department.

This month, engineering firm KE International from the U.S. awarded Akon with a $6 billion contract to build a cryptocurrency city in Senegal. According to the announcement made by KE international, the firm secured $4 billion from investors for the first two phases of Akon City’s construction. Several months ago, Akon first announced plans to build the city.

Akon and crypto city in Senegal

Interestingly, the first phase of crypto city is expected to be completed by the end of 2023. It is worth noting that at the end of 2023, the complex will include a mall, residences. Moreover, hotels as well as a solar power plant, etc.

Let’s have a look at the second phase that will end in 2029. According to the preliminary information, by that time, a Akon City will be up and running on the Akoin cryptocurrency. Notably, singer Akon founded cryptocurrency powered by a blockchain-based eco-system of tools and services designed for entrepreneurs in Africa and elsewhere. The purpose of this cryptocurrency is to help entrepreneurs in the rising economies.

Importantly, KE International is also managing the construction of the $2 billion Mwale Medical and Technology city in Western Kenya. The project started in 2014, and based on the information it will be ready by the end of the year. Moreover, this hospital partnered with Akon to use Akoin cryptocurrency for transactions. Also, thanks to such projects it will be easier to use Akoin cryptocurrency.