Akon Announces Cryptocurrency-Based New City in Uganda

According to pop star and singer Akon, ‘Akon City’ is a futuristic city set to be built in Uganda. 

By Diana Wachira on
10th May 2021

Speaking at a press conference in early April this year, Akon announced that there would be a new futuristic city coming to Uganda in the coming years. He revealed that the Ugandan government is on board with this plan and has even allotted a one-square-mile of land for Akon City part 2. 

Akon is currently building a US$6 billion city in his native country of Senegal.

His city in Uganda will operate using the pop artist’s cryptocurrency known as Akoin. This is the same currency that will be used in Senegal’s Akon City. 

Akon and the Ugandan government authorities have not finalized the total cost of building Akon City in Uganda. Nonetheless, Akon states that he is confident that the people who will live in his city will be able to afford the services available. 

“We will have professionals that we plan to send to Uganda who can train the locals, and I think one of the things that we lack in countries like Uganda is access to information, and we need to be properly trained not only in construction but also in management and then the maintenance of the properties,” says Akon

When asked if the Ugandan citizens will be able to afford the services in the city that has futuristic shopping malls, stadiums, and many recreational facilities, Akon answered, “I know if I put it there, they’re going to find a way to afford it because it’s going to motivate them.

“But ultimately, when you create an opportunity, people grow with that opportunity, people learn with that opportunity, people are motivated with that opportunity.” 

Akon and his wife with Uganda President Museveni and First Lady Janet Museveni in Kampala, Uganda (@KagutaMuseveni Twitter Handle)
Akon and his wife with Ugandan President Museveni and First Lady Janet Museveni in Kampala, Uganda (@KagutaMuseveni Twitter Handle)

The construction of this Ugandan city is set to be completed in the year 2036. The construction will take place in three stages. The first stage is set to be completed by the year 2023. The second phase will be completed in 2029, and the third phase will be ending in 2036 if all goes as planned. 

Top Photo: Architectural Render of the futuristic Akon City being constructed in Senegal (akoncity.com)

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