Akon City: The Dream and Disappearance of Africa's Crypto Wakanda

Published 5 months ago6 minute read
Ibukun Oluwa
Ibukun Oluwa
Akon City: The Dream and Disappearance of Africa's Crypto Wakanda

In 2018, Senegalese-American pop star and part-time visionary Akon stepped beyond the stage and into the realm of urban planning with a plan so bold it could’ve been written by a Marvel screenwriter.

The city? Akon City. The goal? Nothing less than building Africa’s very own Wakanda. The project officially "broke ground" with a ceremonial stone-laying near Mbodiène, Senegal, in 2020. Unfortunately, that stone may be the only structure on site today.

Image Above: Akon. Credit: Akon.com

Idea and Motivation

Image Above: Visual of Akon City Plans. Credit: Powers of Africa


Image Above: Visual of Akon City Plans. Credit: DOMUS

The “I am so Lonely” crooner described his vision for Akon City as nothing less than a real-world Wakanda—the technologically advanced, self-sufficient African metropolis from Marvel’s Black Panther.

Apparently, this wasn’t just about shiny skyscrapers, hovercars, or slick promo videos. At its heart, the idea was about empowerment.

Akon wanted to build a city that would reconnect Africa with its diaspora, leapfrog traditional development hurdles, and put the continent on the map for cutting-edge urban innovation.

Diaspora Connect

His motivations matched the scale of the vision. He envisioned Akon City as a safe, sustainable, and technologically advanced sanctuary for Africans worldwide, particularly those in the diaspora seeking to invest in or return to their roots.

The entire city would be powered by renewable energy, emphasizing a forward-thinking, eco-conscious philosophy. And crucially, it would rely on a new digital currency—Akoin—as the cornerstone of its financial system.

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Akoin was intended to promote financial inclusion, allowing residents and businesses to engage in a modern, cashless economy without depending on traditional banks or unstable local currencies.

At its core, Akon City wasn’t pitched merely as an infrastructure project. It was framed as a revolutionary experiment in pan-African futurism—a bold attempt to merge culture, technology, and finance into a single, high-impact model for what African development could look like in the 21st century.

The vision was big, the ambition was bigger, and for a brief moment, the world believed it might just work.

Challenges and Failures

Image Above: The Welcome Center of Akon City. Credit: Zone Bitcoin

Diaspora Connect

Image Above: The Foundational Stone. Credit: Le Monde


Despite the flashy vision and media buzz, most of Akon City never made it off the blueprint. Beyond the partially built “Welcome Center”, standing alone like a forgotten prop from a sci-fi movie that never got made, not a single hospital, university, school, or luxury home ever materialized. What was meant to be a shimmering skyline of progress became a largely empty field.

From the outset, construction delays plagued the project. Layers of red tape, bureaucratic inertia, and confusion over land ownership created a logistical gridlock.

Delayed payments and a lack of regulatory clarity only deepened the problem. Both national and local officials reportedly waited for updates that never came, while the site sat mostly untouched and silent.

Then came the crypto collapse. Akon’s cryptocurrency, Akoin, was initially valued at $0.15, but by August 2024, it had plunged to a stunning $0.003. This 98% loss in value didn’t just spook investors—it kneecapped the city’s entire financial foundation.

The collapse of Akoin led to missed payments, including to Senegal’s state-owned tourism agency. Investor trust evaporated, especially as the currency was eventually delisted from exchanges. Legal troubles followed, with public lawsuits emerging from those who felt misled or outright defrauded.

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Locals, who had been promised jobs, infrastructure, and economic uplift, found themselves with nothing. Many were not compensated for land that had been seized or promised for development.

By 2025, frustration turned into public resentment. What was once hyped as a revolutionary leap forward began to look like a slickly packaged fantasy—a vision big on promises but empty in delivery.


Political Aspects

In its early stages, Akon City enjoyed strong governmental support. In 2020, the Senegalese state allocated 136 acres (over 50 hectares) for the project, with hopes of transforming a rural area into a regional economic powerhouse. But as deadlines slipped and payments were missed, state support began to erode.

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By 2024, officials had issued several warnings, demanding action and transparency. With no meaningful progress and growing concerns about financial viability, the government took decisive action. In July 2025, 90% of the land was officially reclaimed, and Akon City was declared defunct.

Despite the project's collapse, the government didn’t abandon the broader goal of development. The land originally allocated to Akon City is now designated for a more modest and state-managed$1 billion tourism and resort project, signaling that while the dream of a futuristic metropolis may have faded, Senegal’s commitment to economic growth remains intact—albeit with more caution and control.

Successes

Surprisingly, the Akon City saga wasn’t without its wins. Despite the physical absence of a functioning city, the project did manage to create international buzz. It brought global media attention to Senegal and to the broader conversation around Africa’s development potential.

The idea of a smart African city running on renewable energy and digital currency sparked serious conversations about sustainability, urban planning, and the role of technology in shaping future cities across the continent. Akon himself emerged from the project with a heightened public profile—not just as an entertainer, but as a high-concept entrepreneur and pan-African advocate, even if the project itself fell short of its ambitions.

Criticisms

Over time, Akon City came to symbolize what happens when celebrity ambition clashes with the complex, often unglamorous realities of large-scale urban development.

Critics accused the projectof making bold promises with little to no concrete follow-through. The gap between vision and execution was not just wide, it was a chasm.

The entire endeavor was charged with overpromising and underdelivering. Hype videos and digital renderings painted a utopian picture long before even a shovel hit the ground.

Many investors claimed they were misled, with some never seeing any return, or even the basic courtesy of a refund.

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Financial mismanagement became a common accusation, and the project's reliance on Akoin—despite legal warnings from the Central Bank of West African States, was viewed as naive at best, reckless at worst.

Local communities were perhaps the most disillusioned. Many villagers had been told to expect jobs, infrastructure, and relocation packages. Years later, most said they’d received none of the above. For them, Akon City became a symbol of broken promises: a tech-driven fantasy that hovered above them in headlines, while their daily realities remained untouched.

In the end, the glittering city of tomorrow never arrived. All that was left was a slideshow of renderings, a faded crypto coin, and a region trying to move on.


Conclusion

As of July 2025, Akon City in Senegal has been officially abandoned by the Senegalese government due to lack of progress and the project's unrealistic vision.




Cover Image Credit: Dornob


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