Renowned Senegalese-American rapper and entrepreneur Akon is expanding his futuristic vision with a second African crypto city, this time in Uganda. The Ugandan government has officially allocated land for the project, marking a significant milestone in Africa’s blockchain-driven urban development.
Project Overview: Akon City Uganda
- Location: Eastern Africa (exact site undisclosed)
- Size: Comparable to half of London’s financial district
- Completion Target: 2036
- Cryptocurrency: Powered by Akoin (AKN), a Stellar-based digital currency
Akon emphasized that the city aims to boost foreign investment and generate local employment, though financial details remain undisclosed.
Dual Crypto Cities in Africa
Senegal ($6B project):
- Area: 2,000 acres (~3.12 square miles)
- Status: Under development
Uganda:
- Focus: Showcasing Uganda’s untapped potential through sustainable infrastructure.
Akon stated:
“Uganda has so much beauty the world doesn’t know about. Building my city here is the best way to change that.”
Akoin’s Expanding Ecosystem
Beyond urban projects, Akoin is integrating into Kenya’s $2B Mwale Medical and Technology City:
- Use Cases: Employee salaries, daily transactions
- AKN Debit Card: Accepted at 40 million global merchants
FAQ Section
Q: What is Akoin?
A: A Stellar-based cryptocurrency designed for African economic ecosystems, supporting transactions and salaries.
Q: Why is Uganda chosen for the second crypto city?
A: Akon aims to highlight Uganda’s economic potential and attract global investments.
Q: How will locals benefit?
A: Job creation and access to blockchain-based financial services.
👉 Explore how blockchain is reshaping Africa’s future
This project underscores Africa’s growing role in crypto innovation and smart city development. With Uganda and Senegal leading the charge, Akon’s vision could redefine urban living through decentralized technologies.
👉 Learn more about Akoin’s real-world applications
Note: All external links are for illustrative purposes only.