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However, the total cost of building this city has not yet been finalised by either Akon or by the authorities of the Ugandan government. The pop star also said that he is confident that the people who live there would be able to afford the services available. The government of President Macky Sall of Senegal has earmarked Akon City as a special tax zone with tax breaks to be given to the City to encourage investment. Speaking in a press conference on Monday (April 5), Akon revealed that a new futuristic city will be coming to Uganda in the coming years. The second phase will be ending by 2029 and the final phase of the construction of Akon City will thus end in 2036. The first phase will be completed at the end of 2023. The total construction of this city will be taking place in three different phases, according to Complex. It is currently given a deadline of the year 2036 and is touted to have residents, malls, parks, school, universities, a police station, a stadium as well as a solar power plant. Akon said that “African resources” have been utilized in the building of this city. Akon City is a project launched by Senegalese-American singer and entrepreneur Akon. KE International has reportedly invested a total of $6 billion for this project and the city will be located in Senegal. The government in Uganda had announced a couple of days back that a total of one square mile of land has been allotted to the singer to build the ‘Akon City’.
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Akon announces cryptocurrency-themed ‘Akon City’ Akon made the announcement himself and has also revealed the set timeline for this city to be built. Mentioning the digital currency for the first time in 2018, Akon said citizens of the city could utilize it in ways where they can advance themselves and not allow government to do those things that are keeping them down. A massive amount of investment has been made for this project by a consulting firm called KE International, who the singer has been working with. Residents of the new city will use an app-based cryptocurrency dubbed AKoin to build the city’s economy. It has been recently announced that the singer is building an ‘Akon City’ in Uganda, which is all set to have a system based on cryptocurrency. While many pop stars and music celebrities have made various donations to charity, Akon has been directly involved in multiple development projects that would benefit the needy.