itemprop=”headline”>What Is Singer Akon’s Business Strategy For Uganda And Africa?
Posted on April 9, 2021
Senegalese American-based singer Akon recently jetted in Uganda and met several stakeholders about his investment plans for Uganda and other African countries.
With his wife Rozina Negusei Thiam, Akon whose real name is Aliaume Damala Badara Akon Thiam and his group held meetings with President Yoweri Kaguta Museveni, ministers and also met a selected group of musicians including legendary singer Halima Namakula and her daughter Racheal K and Eddy Kenzo.
It is said that Akon expressed interest to invest in Solar Energy, Tourism sectors, and Infrastructure Development areas.
He said he has also identified investment strategies in some other African countries like neighboring Kenya and Congo Brazzaville.
According to the head of state Yoweri Museveni, the government will help Akon fulfill his dream of investing in Africa by supporting him with incentives like land and security.
The president told his group that he would be supported in getting land in the central region of Uganda preferably Kalangala and Kaweweeta to build his “Akon City“.
The singer’s visit to Uganda follows a trip to the US by the Senior Presidential Advisor on Diaspora affairs, Abbey Walusimbi which was aimed at enticing potential business investors to come to the country.
In Senegal, Akon is to build a 2,000-acre city with a luxury resort, condos, offices, a hospital, a stadium, and artificial intelligence data center. The same design with the same facilities will be built in Uganda within a period of 10 years by a Los Angeles construction firm and an architect from Dubai, United Arab Emirates.
According to his plan, residents will be paying for everything with his cryptocurrency, Akon. Also, he will be working with Jon Karas, a former Hollywood producer and co-founder and the CEO of Akon Legacy Ventures.
Akon’s first City is slated to be built on the Senegalese coastline about 62 miles south of the country’s capital Dakar and 35 miles from Dakar’s new US Dollars 575 million international airport.
While Akon’s star power may have faded in the US, it shines brighter than ever in Africa. In 2017, Forbes Africa named him the most bankable artist on the continent.
He was born in Missouri and spent much of his childhood in Senegal before his family moved to New Jersey when he was 11.
He burst onto the American music scene at 30 years old with his 2004 single Locked Up and become a global star since then.