Africa News of Sunday, 4 August 2024
Source: Bloomberg
Akon's $6 billion Akon City in Senegal, envisioned as a futuristic metropolis, remains a single concrete block after four years.
Granted 136 acres in 2020, the project aimed to feature condos, amusement parks, and more, powered by solar energy and Akoin cryptocurrency.
Delays and missed payments have frustrated local authorities, who now threaten to reclaim the land.
Despite minor developments like a youth center, the promised city is far from reality, leaving locals doubtful.
Akon’s grand vision, once a beacon of hope, is now an unfulfilled promise.