Ugandan Gov’t to give Akon 640 acres of land to build futuristic city
Akon is set to build a new futuristic ‘Crypto city,’ in Uganda, which will trade exclusively in his own digital cash currency called "Akoin", to rule corruption tendencies.
African-American philanthropist, artist and entrepreneur Akon has called for unity on the African continent if development is to be attained.
Like the city he is building in his native country of Senegal, the Ugandan Akon City will operate on his AKoin stellar-based cryptocurrency. Akon did not reveal how much this project would cost. However, its sister city cost around $6 billion to construct.
Addressing journalists at the Office of the Prime Minister in Kampala this evening, the US-born singer of Senegalese descent, revealed that his futuristic city will be built on a one square mile piece of land (640 acres) that will be made available by government for the investment.
The approximately 15 year long term investment plan for the “Akon City” will see the establishment of a one multi-development centre with a 10,000- bed modern hospital campus, an entertainment district with modern recording studios and an education center among other institutions.
The proposed Akon City in Uganda will likely follow the blueprint laid in Senegal which includes a Hamptons Hospital campus, Hamptons Mall, its own school, police department, and waste management service as well as parks, stadiums, and other recreational facilities.
Uganda is one of the 5 countries chosen out 10 for the development initiative.
Meanwhile, the state minister for Housing Dr Chris Baryomunsi, says Ugandans will benefit profoundly during the project as regards the Buy Uganda Build Uganda policy since Labour will be sourced locally under the guardianship of professionals from abroad who will be jetted in to train workers.
