Senegalese-American singer, songwriter, record producer, entrepreneur, philanthropist and actor Aliaune Damala Bouga Time Puru Nacka Lu Lu Lu Badara Akon Thiam, known mononymously as Akon has revealed that he has reached an agreement with Senegal’s officials for the construction of Akon City.
He made this known via a tweet which can be seen below:
Akon City is expected to be a 2,000-acre metropolis that will trade exclusively in a digital currency called Akoin.
Akon unveiled the plans for this project about 18 months ago. At the time, he said the city will be built on 2,000 acres of land gifted to him by the President of Senegal, Macky Sall. It will trade exclusively in Akon’s digital cash currency, Akoin.
Reports suggest that Akon City will be built in the seaside village of Mbodiene, five minutes from Senegal’s new international airport. It’s billed as an environmental campaign and sustainable tourism village. Last week, Akon also signed a “memorandum of understanding” with Senegal’s state-owned tourism company SAPCO, according to LadBible.
The singer’s cryptocurrency, Akoin is expected to launch early July, but the Akon city project will take considerably longer.
“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,” Akon said in the course of an interview with Los Angeles rap radio station Power106.
The entire project is expected to cost about 2 billion dollars.
Some information were culled from: decrypt.com