The construction of the ‘cryptocity’ that rapper Akon (Akon) planned to build in Senegal has, after a year, not progressed beyond the groundbreaking ceremony. This is reported by Africanews.
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\”The stone itself lies on a dirt road in a field. A small poster advertising the megaproject fell from it,\” the media reports.
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The ceremony took place on 31 August 2020; construction work was scheduled to begin at the start of this year. Local residents say that it never started.
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According to a KE International representative, which won the contract to build the \”cryptocity,\” the main investor is Kenyan entrepreneur Julius Mwale. More than $4 billion has been raised for the project.
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KE International said that construction would begin in October after completing works on another Mwale-financed city in Kenya.
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In 2018, Akon spoke about Akon City and announced the launch of his own digital currency Akoin, which is intended for use in transactions within the settlement.
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In 2020, Senegalese authorities granted Akon official permission to build the city, and later he released the Akoin white paper.
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In April 2021, Akon announced the construction of another ‘cryptocity’ in Uganda.
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