Senegal Abandons Akon’s $6B Crypto City Project After 7-Year Delays Shifts to $1.2B Tourism Hub
Senegal has terminated Akon’s $6 billion cryptocurrency-powered city project, Akon City, after seven years of delays and unmet commitments. The West African nation, which had allocated 136 acres of land near the village of Mbodiène in 2020, is now reclaiming most of the area. The project, initially branded as a “real-life Wakanda” featuring solar-powered infrastructure, a hospital, university, and marina, has been deemed infeasible amid Senegal’s economic challenges. The national tourism development agency SAPCO confirmed in 2024 that “The Akon City project no longer exists” [1].
The cancellation follows repeated construction delays, missed payments, and a final ultimatum from SAPCO. Akon’s vision, launched in 2018,…
