Public Management

Construction of Akon City to start in Q1 2021

Construction of Akon City to start in Q1 2021
Wednesday, 09 September 2020 14:31

Giant rapper Akon (pictured) broke the ground on the construction of the green city ‘Akon City’ in Senegal. Construction works are expected to begin in the first quarter of next year.

The Wakanda-like city is valued at $6 million, or about 80% of Senegal’s state budget for 2020. Akon said 20% of the required investment is already available. The project is being implemented by US company KE International in collaboration with Bakri & Associates Development Consultants, which designed the city.

Akon City will cover 2,000 ha. Phase I of the project is expected to be completed in 2023 allowing the construction of roads, a campus, a hospital, a mall, residences, hotels, a police station, a school, a landfill for waste, and a solar plant to power the city with.

The city will be certified LEED (Leadership in Energy and Environmental Design), a North American system of standardization for high environmental quality buildings created by the US Green Building Council. A second phase between 2024 and 2029 will allow the completion of the city, which will operate exclusively with the “Akoin” crypto money. The project has already obtained the status of a special tax zone, which will allow it to benefit from the reduction of imports.

Gwladys Johnson Akinocho

Additional Info

  • communiques: Non
  • couleur: N/A
On the same topic
Client portfolio slipped 0.4% in Q3, but remains up 10.4% year to date Equity, deposits, and lending all posted solid growth Sector remains...
CCI-Togo plans a dedicated investment fund for start-ups from 2026 Digital, agro-industry, crafts, and services are among the target...
Togo’s outstanding debt on UMOA-Titres fell to CFA1,810.5 billion in 2025 The country raised CFA411 billion, down from 2024 levels Strategy...
BGFIBank Gabon accounted for 71.29% of all new bank credit in Gabon in the first quarter of 2025. No other bank operating in Gabon exceeded a 10%...
Most Read
01

Togolese banks provided 16.2% of WAEMU cross-border credit by September 2025 Regional cross...

Togo accounts for 16.2% of cross-border bank financing in WAEMU
02

Microfinance deposits in Togo increased by CFA11.9 billion, a 2.7% rise in the second quarter of 2...

Microfinance: Deposits in Togo Rise 2.7% in Second Quarter of 2025
03

Nigerian fintech Paystack launches Paystack Microfinance Bank Bank created after acquiring ...

Stripe-Owned Paystack Enters Nigerian Microfinance Banking Via Acquisition
04

Tether partnered with the United Nations Office on Drugs and Crime to strengthen digital asset cyb...

Tether and UNODC Launch Digital Asset Cybersecurity Initiative in Africa
05

Nigeria granted Amazon Kuiper a seven-year license starting February 2026 The move opens comp...

Amazon wins approval to enter Nigeria’s satellite internet market
Enter your email to receive our newsletter

Ecofin Agency provides daily coverage of nine key African economic sectors: public management, finance, telecoms, agribusiness, mining, energy, transport, communication, and education.
It also designs and manages specialized media, both online and print, for African institutions and publishers.

SALES & ADVERTISING

regie@agenceecofin.com 
Tél: +41 22 301 96 11 
Mob: +41 78 699 13 72


EDITORIAL
redaction@agenceecofin.com

More information
Team
Publisher

ECOFIN AGENCY

Mediamania Sarl
Rue du Léman, 6
1201 Geneva
Switzerland

 

Ecofin Agency is a sector-focused economic news agency, founded in December 2010. Its web platform was launched in June 2011. ©Mediamania.

 
 

Please publish modules in offcanvas position.