Akon’s $6 Billion Senegal City Project Abandoned, BBC Reports
The ambitious Akon City project in Senegal, a $6 billion futuristic city, has been abandoned due to lack of funding and construction setbacks. The initial designs, envisioned as a high-tech, eco-friendly city, never materialized beyond an incomplete reception building on the 800-hectare site. The project was meant to run on the cryptocurrency Akoin, which also faced challenges. The Senegalese government is now collaborating with Akon on a revised, “realistic” development plan for the Mbodiène site, leveraging its strategic value.
John Q. Hosedrinker