Uganda Allocates a Square Mile for Akon’s Cryptocurrency-Based City

Akon has secured land in Uganda to build a cryptocurrency-based city, his second planned futuristic city in Africa.

According to Revolt, the Ugandan government said it has allocated one square mile of land to Akon and the city, which is expected to be completed by 2036 and will operate on Akon’s cryptocurrency, AKoin.

Canary Mugume from NBS Television in Africa posted to his Twitter account that he spoke to Akon about the latest development.

Akon to build Akon city in Uganda by 2036. The government of Uganda has agreed to allocate him land of the size of 1 square mile. The city will operate on AKoin currency, a stellar-based cryptocurrency. @nbstv pic.twitter.com/G4GHuefZFE

— Canary Mugume (@CanaryMugume) April 5, 2021

VIDEO: Akon answers a question on whether Ugandans will be able to afford services in ‘Akon City.’

Akon is set to build the futuristic city in Uganda by 2036 after the government agreed to allocate him 1 square mile of land. #NBSUpdates pic.twitter.com/YDqqQ9cZhg

— NBS Television (@nbstv) April 5, 2021

I asked Akon how much this would cost. He skipped the question thrice. https://t.co/fPqhbIAoIV

— Canary Mugume (@CanaryMugume) April 5, 2021

Previously, BLACK ENTERPRISE reported on entertainment mogul Akon’s plans to create a Wakanda-like city in his home country of Senegal. This past September, he announced that his company had begun to break ground on the construction of the $6 billion development project.

“We are looking at Akon city to become the beginning of Africa’s future,” said the rapper at the special ceremony to celebrate the start of construction of the city, according to CNN. “Our idea is to build a futuristic city that incorporates all the latest technologies, cryptocurrencies, and also the future of how African society should become in the future.”

Beyond his work as a singer and songwriter, Akon owns two clothing lines—Konvict and Aliaune. He also founded the Konfidence Foundation with the mission of empowering disadvantaged youth in Africa and the United States.