Thursday, November 21, 2024

Senegal: Deal for ‘AKON CITY’ finally sealed

Must read

Nigerian High Commission apartments in Ghana demolished

Some new apartments built at the residence of the Nigerian High Commissioner in Ghana’s capital city Accra, have been demolished by bulldozers. The apartments have been constructed to...

Covid-19: Ghana records significant recovery numbers

Ghanaian health officials on Saturday said over 10,000 persons infected with the coronavirus have now recovered. The significant number of recoveries means the country now...

DR Congo: President’s ex-chief of staff jailed 20 years for corruption

The ex-chief of staff of the president of the Democratic Republic of Congo has been jailed 20 years by a high court. Vital Kamerhe was...

Covid-19: Zimbabwe’s health minister arrested, charged for graft

Zimbabwe's Health Minister Obadiah Moyo has been arrested over corruption allegations related to procurement of medical equipment worth $60 million. Moyo is accused of illegally...
Staff Writer
Africa Feeds Staff writers are group of African journalists focused on reporting news about the continent and the rest of the world.

US hip hop star Akon has said that a deal to have him build a city in Senegal called the Akon City has been finalized.

Akon’s family originally hails from Senegal and in 2018 he announced plans to build a city in the West African nation where only a new cryptocurrency named after himself – called Akoin will be used.

At the time Akon said the “crypto city” in Senegal will portray “a real-life Wakanda” just like the fictional land of Wakanda in Marvel’s Black Panther.

Akon’s team said has has been given 2,000 acres of land by the President of Senegal to build the city.

He said on Monday that “Just finalized the agreement for AKON CITY in Senegal. Looking forward to hosting you there in the future.”

The Akon Crypto City will be “a short drive” from Dakar, the capital of Senegal and will be “the first 100% crypto-based city with AKoin at the centre of transactional life”.

Under the “Akoin Ecosystem”, consumers will be able to buy, hold and spend cryptocurrency straight from their smartphones.

“It brings the power back to the people and brings the security back into the currency system,” Akon explained.

“It also allows the people to utilise it in ways where they can advance themselves and not allow government to do those things that are keeping them down.”

 

 

Source: Africafeeds.com

- Advertisement -

More articles

- Advertisement -

Latest article

Nigerian High Commission apartments in Ghana demolished

Some new apartments built at the residence of the Nigerian High Commissioner in Ghana’s capital city Accra, have been demolished by bulldozers. The apartments have been constructed to...

Covid-19: Ghana records significant recovery numbers

Ghanaian health officials on Saturday said over 10,000 persons infected with the coronavirus have now recovered. The significant number of recoveries means the country now...

DR Congo: President’s ex-chief of staff jailed 20 years for corruption

The ex-chief of staff of the president of the Democratic Republic of Congo has been jailed 20 years by a high court. Vital Kamerhe was...

Covid-19: Zimbabwe’s health minister arrested, charged for graft

Zimbabwe's Health Minister Obadiah Moyo has been arrested over corruption allegations related to procurement of medical equipment worth $60 million. Moyo is accused of illegally...

Ghana’s new law that jails citizens not wearing facemask 10 years

Ghanaians who fail to wear the face masks in compliance with a presidential directive risk going to jail for ten years. They also face a...