Akon City has awarded a $6 billion contract for building and executing the city to KE International

Akon, an American-Senegalese singer has announced that Akon City has officially awarded a $6 billion contract to KE International to build and execute his futuristic Senegelese metropolis.

Image via Akon’s Instagram

With the awarding of the contract, KE International has secured US $4 Billion from investors for the first and second Phases of execution of Akon City, and will have Dubai based Bakri & Associates Development Consultants lead the architectural designs under KE International guidance.

With the help of KE International, Akon City would include a complex, a police station, a mall, residential units, hotels, a police station, a school, a waste facility, and a hospital campus. There will even be a solar power plant in the works, as an effort to prioritize green energy going forward. 

KE International is known for the design and execution of the US $2 billion Mwale Medical and Technology City (MMTC), a green City based in Western Kenya, which began in 2014 and is expecting completion in December 2020.

The complex is already 85% complete and includes a 5,000-bed hospital, which opened to the public last year. This hospital also partnered with Akon to leverage its Akoin cryptocurrency for transactions.

Akon City’s Phase 1 is expected to complete by end of 2023, and will see the construction of roads, a Hamptons Hospital campus, a Hamptons Mall, residences, hotels, a police station, a school, a waste facility and a solar power plant.

Akon City Phase 2 will run from 2024 to 2029 and will end with a complete cryptocurrency City running exclusively on AKOIN cryptocurrency.

The initial US $4 billion investment secured by KE International for Akon City, is led by leaders in healthcare and technology infrastructure and include MMTC’s Julius Mwale. Mr. Mwale’s Hamptons Hospital, Mall, supermarket, solar power group, and data centers will be part of phase 1 of Akon City.

Akoin stablecoin

In 2018, Akon announced he was working with the Senegalese government to build a tourist-city with a cryptocurrency-based economy named Akon City. At the time, it was said that three square miles of land minutes from the Blaise Diagne International Airport and around 50 kilometres from the capital of Dakar was given to Akon by Senegal president Macky Sall. It is said to be currently under development, and will be the first 100% crypto-based city with Akon’s own cryptocurrency, Akoin, at the transactional center.

Akoin is to be a stablecoin built on the Stellar payment network. Akoin is also to be used in Mwale Medical and Technology City, which is in Kenya. Akon hopes that Akoin can be used over the whole of Africa, where much of the population is unbanked, but smart phones are widely used. Users will access akoin through a digital wallet app which can be easily transferrable to other currencies with minimal transaction costs.

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