SAPCO Secretary General Aliune Ndiaye said that Akon intends to set up a property in Mbodiene's seaside village which is about 75 miles from the Senegal's capital city of Dekar.
The 46-year-old uploaded an image of himself holding a contract to Instagram on Monday along with the caption: 'Just finalized the agreement for AKON CITY in Senegal.More news: Selena Gomez & Hailey Bieber Spotted At Same Restaurant, Drama Erupts
"Looking forward to hosting you there in the future", his tweet read.
If the reports are to be believed, Akon City will be built on a 2,000 acre plot of land that was gifted to the Grammy-nominated musician by the Senegalese President, Macky Sall. He said the new city would transact business exclusively in his own digital cash currency called AKoin. Akon's source of income could be traced to his career as an artist, his music label, and endorsement apart from other investments like Konvict clothing line and AKOin, which he envisioned will become an official trading currency in African years from now. "Cryptocurrency also allows the people to utilize it in ways where they can advance themselves and not allow the government to do those things that are keeping them down".
Apparently, it will be just a five minute drive from a dedicated worldwide airport, and will start to take shape after a second phase of development in five years. "We started construction in March and stage two is going to be 2025", he told Nick Cannon back in December.More news: Amazon boss Jeff Bezos arrives in India as local traders plan protests
According to the singer, the project is expected to take ten years to complete, and construction, which is the first stage, started in March 2019.
The singer, whose real name is Alioune Badara Thiam, spent his early childhood in Senegal before moving with his family to New Jersey at the age of 7. His most recent venture is Akon Lighting Africa, a project that provides solar power to African countries.
What's the big deal about Akon City? . "If I could have my way, Africa would be the United States of Africa".More news: Have Scientists Found a Replacement for Exercise?