₦airaland Forum

Senegal’s state-owned tourism and coastal development entity, Sapco-Senegal, has now issued an ultimatum to Akon: commence construction or forfeit 90% of the land allocated for the project. This notice follows Akon’s failure to make several payments to Sapco, according to sources who spoke to Bloomberg.

The artist’s plans for the city included luxury apartments, a resort, hospitals, a police station, and a university, all underpinned by the Akoin cryptocurrency launched during a cryptocurrency market boom in 2020. However, Akoin has since seen a dramatic decline in value, with trading volumes dwindling and its price dropping from $0.15 at launch to just $0.003.

Akon’s ambitious $6 billion City in Senegal received the support of West African nation by getting 136 acres of land in Mbodiene, Senegal 2020 for the development of a futuristic city, touted as a real-life Wakanda inspired by Marvel’s Black Panther.

Akon City aims to be a

Sustainable city: Powered by renewable energy, such as solar and wind power.

Smart city: Incorporating advanced technology, including blockchain, AI, and IoT.

Tourism hub: Featuring luxury resorts, hotels, and entertainment venues.

Business center: With opportunities for entrepreneurship, innovation, and investment.

Cultural exchange: Celebrating African culture, art, and music.

The city is expected to have its own

Cryptocurrency: Akoin, which will be used for transactions within the city.

Airport: For easy access to the city.

University: Focusing on STEM education and innovation.

Hospital: Providing state-of-the-art medical facilities.

Akon City is still in the development phase, with phase one expected to be completed by 2026.
https://nigerianstreet.com/senegal-gives-akon-deadline-to-build-6-billion-akon-city/

Why starting a project u can't fulfill

White elephant project

Akon

Ok now

Pipe dream.

Popularizing

Hope he hasn't George finided 😀

Solutions
-drops a Grammy winning album
-attract foreign investors
-sell it off
-or simply ignore it and lose 90% of allocated lands
-best, he contacts me

Africa and lies

Akon wey don sapa

Unrealistic project that wouldn't even last if miraculously completed

When there's a will there's a way...,.. never give up Akon.

By the way someone should please tell dbanj to go and retire, music has left him

Hope he won't sing another ' u can put the blame on me'

Obakoolex:
When there's a will there's a way...,.. never give up Akon.

By the way someone should please tell dbanj to go and retire, music has left him

At least he's still doing something he loves.

Can the same be said about you?

erad:
At least he's still doing something he loves.

Can the same be said about you?

Goat leave my mention

BrownEnvelop:
Senegal’s state-owned tourism and coastal development entity, Sapco-Senegal, has now issued an ultimatum to Akon: commence construction or forfeit 90% of the land allocated for the project. This notice follows Akon’s failure to make several payments to Sapco, according to sources who spoke to Bloomberg.

The artist’s plans for the city included luxury apartments, a resort, hospitals, a police station, and a university, all underpinned by the Akoin cryptocurrency launched during a cryptocurrency market boom in 2020. However, Akoin has since seen a dramatic decline in value, with trading volumes dwindling and its price dropping from $0.15 at launch to just $0.003.

Akon’s ambitious $6 billion City in Senegal received the support of West African nation by getting 136 acres of land in Mbodiene, Senegal 2020 for the development of a futuristic city, touted as a real-life Wakanda inspired by Marvel’s Black Panther.

Akon City aims to be a

Sustainable city: Powered by renewable energy, such as solar and wind power.

Smart city: Incorporating advanced technology, including blockchain, AI, and IoT.

Tourism hub: Featuring luxury resorts, hotels, and entertainment venues.

Business center: With opportunities for entrepreneurship, innovation, and investment.

Cultural exchange: Celebrating African culture, art, and music.

The city is expected to have its own

Cryptocurrency: Akoin, which will be used for transactions within the city.

Airport: For easy access to the city.

University: Focusing on STEM education and innovation.

Hospital: Providing state-of-the-art medical facilities.

Akon City is still in the development phase, with phase one expected to be completed by 2026.
https://nigerianstreet.com/senegal-gives-akon-deadline-to-build-6-billion-akon-city/

Akon is a very clever scammer

Obakoolex:
Goat leave my mention

I'm not disappointed.
You are not destined to be reasonable.

The delay and financial setbacks in Akon City raise serious concerns about the project's viability, potentially damaging Akon's reputation and the overall PR for such ambitious ventures in Africa. Without clear progress, this could become a cautionary tale about overpromising and underdelivering. Stronger project management and transparency are crucial to maintaining public trust.