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Akon investment in africa

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But with the particular universe of this music of protest, the young man ends up being in contact with the delinquency of the gangs. After a car theft, he will be imprisoned for three years. In prison, he spent his days writing songs and when he left, he recorded a model in a studio at his home.

In a few weeks, Locked Up, a title written just after his release from prison, becomes a real hit. The album itself, an astonishing cocktail of West African musical styles and American sounds, finished No. In , Akon released a second album: Konvicted. Platinum triple disc, it is sold to more than four million copies worldwide.

Akon is now a global star. The following year, he launched his clothing line, Konvict Apparel. In , Akon announced Stadium, his fourth album, originally scheduled for the summer of the previous year. To date, the album has never been released. For the next 3 years, the artist, who has won numerous awards, is less and less present on the showbiz stage. I just wanted to experiment more and do things internationally.

So at this moment, in doubt about the next step, Akon decides to create Akon Lighting Africa. During his tours, Akon noticed that the absence or lack of electricity prevented him from organizing concerts in countries where the artist wanted to perform. Most of these countries, which were in Africa, could not provide the necessary electrical capacity for the infrastructure used for large-scale concerts.

In addition, the artist experienced electricity problems during his childhood in Senegal. Years after his departure, the problem remained unresolved. The infrastructure had not moved. The company, present in 15 countries, wants to provide electricity to 16 million Africans by , thanks to solar energy. In , just three years after its launch, Akon Lighting Africa has installed , solar street lights, nearly 3, photovoltaic mini-grids and more than , household kits in more than localities in a dozen countries in sub-Saharan Africa.

Akon Lighting Africa has installed , solar streetlights, nearly 3, photovoltaic mini-grids and more than , household kits in more than locations in about 10 countries in sub-Saharan Africa. Recently, he also announced the launch of Akoin, his cryptocurrency and the creation of a futuristic city: the Akon Crypto City. For the artist, his city will be the testing ground for his vision, his development projects for Africa and his cryptocurrency will be used primarily.

And if all goes well, the Missourri native will be able to replicate the model all over the African continent. I am an African female entrepreneur, who has plans in uplifting my fellow African people, the problem with my plans is that they fall on death ears, please help me on how to fund the right people how can help me.

I am seeking to connect with someone in the Akon Lighting to bring lighting to Banjul, Gambia for the building projects for Blacks moving to Banjul, Gambia. Save my name, email, and website in this browser for the next time I comment. For example, through a decentralized app marketplace built on blockchain people will have access to new ways to save money, pay bills and other people, request loans, sell their own goods and services, and build their own tools to serve other niches in their community.

Rather than their finances being at risk of fluctuations in a hyper-inflated fiat currency, use of a stable digital asset means people can gain greater control of their finances and even complete custody over them, allowing them to opt out of a system that provides them with no benefits or security, into one that does.

Africans innovating with mobile technology long before the West, for example making mobile phone minutes as currency. This characteristic of taking leaps forward in technology is what will drive the growth and success of digital assets on the continent, and we believe as Africa leads in this area, the rest of the world will be watching closely to see the developments it makes.

While western countries and the rest of the world wrestle at unpicking years of tradition, red tape and regulation to make digital assets fit, African countries — if their leaders choose — are able to embrace change and foster implementation much more quickly. Africa is one of the only places in the world that can start from zero and really implement and utilize every single new development and invention that's existing today without breaking down existing infrastructure.

When you look at all the major countries, from the United States to European countries to China, all of these nations are in a position where they can't conform as quickly to the latest technologies without having to rebuild everything that's already built, whereas African nations can start from the beginning and lead that charge forward. The future of finance lies in digital currency and digital transactions. You can see how many countries are working on developing digital versions of their currencies.

It is only a matter of time before all transactions are digitized and paper money is consigned to the history books. The countries that grasp this reality before anyone else will be the ones at an advantage. We believe the future of the world is going to be digital. It's going to all be computerized and moved in and controlled by apps and developers. Even with music, while everyone was selling CDs and and vinyl from little specialty shops and singles, I was more focused on ringtones, which was the digital aspect of the music business.

It has happened in the music industry with the evolution from vinyl to cassette tapes to CDs and now to digital music. And it will happen with money, too. Africa is already at the point where mobile phones and mobile phone minutes are used for transactions, it is only a few steps away from moving into an economy based on cryptocurrencies, instead of ageing and devalued fiat. This is why we are getting in front of the curve now and embracing what we believe is going to represent the dominant model young business leaders and entrepreneurs in Africa, and eventually, the whole continent embrace.

We have more than 1. We want Africans who have amazing entrepreneurial ideas to finesse these into something tangible they are able to create a service from and grow their own businesses, but also help their regions to grow, too. Unfortunately, often the perception of Africa from those living outside it is of a scary and dangerous place.

For example, the way they depict Africa in the United States is just so sad because it makes it unattractive and plays on all of its problems, without touching on the positives. I really want to change that perception and get people seeing it as a viable place to vacation, work and do business. Ultimately, we have to shape a vision of something that is going to attract people, something you want to be closer to and want to be a part of. Our hope and expectation is the technology of blockchain and digital assets will act as a key to help unlock the potential of the huge talent pool in Africa, and contribute towards helping it grow, develop and prosper far into the 21st century by taking back control of their finances, their skills and their talents.

Please note that our privacy policy , terms of use , cookies , and do not sell my personal information has been updated. The leader in news and information on cryptocurrency, digital assets and the future of money, CoinDesk is a media outlet that strives for the highest journalistic standards and abides by a strict set of editorial policies.

CoinDesk is an independent operating subsidiary of Digital Currency Group , which invests in cryptocurrencies and blockchain startups. As part of their compensation, certain CoinDesk employees, including editorial employees, may receive exposure to DCG equity in the form of stock appreciation rights , which vest over a multi-year period. CoinDesk journalists are not allowed to purchase stock outright in DCG.

Regulators have an opportunity to map out thoughtful, strategic policy on stablecoins and beyond.

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Akon investment in africa Akon wants to build 'real-life Wakanda' using a currency called AKoin. Akoin will be the central currency of Akon city, a sustainable and eco-tourism smart city in Senegal, Africa. Nigeriathe leading economic giant in Africa, comes third globally for the akon investment in africa trade. Sign up for a daily update delivered to your inbox. Akon solution in Africa Violent protest and a poor economy has rendered Senegal and mostly its youths jobless.
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He also took the opportunity to talk to the Senegalese president of Akon Crypto City, his futuristic city project inspired by Wakanda, fictional country of the blockbuster Black Panther. Conquered, Macky Sall decided to grant hectares of land, on the outskirts of Dakar, to the artist for his futuristic city. For Akon, this will be another opportunity to deny the claims that his various initiatives were purely interested and prove that the future of Africa is really close to his heart.

I am in a privileged position with ways to make differences and change lives. So why not do it and make money at the same time? This vision of entrepreneurship, the star defends since and the launch of Akon Lighting Africa, an initiative to electrify Africa through solar energy. We did not even ask for money from the countries concerned. Yet his initiative had made many skeptics. First because of his musical career.

Then there are those who thought that his goals were purely lucrative. But the artist assures, Akon Lighting Africa is above all his way to participate in the development of the continent. I think the only way to build this continent is to build businesses that generate significant revenue and create opportunities for local people.

But the story behind the creation of Akon Lighting Africa has a more distant origin. It goes back to the childhood of the American artist, passed to Kaolack in Senegal, where the problems of electricity were well known. When you hear Akon speak Wolof, one of the most used dialects in Senegal, with a strong American accent, you want to ask in which language the star thinks.

For him, there is no doubt to have. I see myself as a child of Africa having lived in America. I may have studied there, but I was raised in Africa. My parents and I were coming back to Africa every summer for a vacation. And then, when I had to go to high school, I had the choice between going back to Africa or staying in the United States.

He grew up in Senegal before returning at the age of 7 in the United States to his father, the percussionist Mor Thiam. On site, he develops a real passion for hip hop. But with the particular universe of this music of protest, the young man ends up being in contact with the delinquency of the gangs. After a car theft, he will be imprisoned for three years.

In prison, he spent his days writing songs and when he left, he recorded a model in a studio at his home. In a few weeks, Locked Up, a title written just after his release from prison, becomes a real hit. The album itself, an astonishing cocktail of West African musical styles and American sounds, finished No. In , Akon released a second album: Konvicted. Watch Now. Akoin co-founder Lynn Liss on building the financial tools for Africa to become a crypto powerhouse. Sense Chat is bringing private messaging to Akon city.

A conversation with Akon, the multi-platinum artist working on a crypto to bring change to Africa. Singer Akon launches 'Akon City', a green and autonomous city in Senegal. One Africa. One Koin. Akoin is a trusted and transparent currency alternative.

Together, we can create positive economic and social impact. Join our Newsletter and access the Akoin Whitepaper. This is Akoin Akoin is a cryptocurrency, powered by a marketplace of tools and services to fuel the dreams of entrepreneurs, business owners, and social activists.

Akoin helps them connect and engage across the rising economies of Africa and beyond; created by visionary global artist, change-maker, innovator, and humanitarian, Akon. Through Akoin, one currency powers a digital suite of business building tools and services to unite the people of Africa, and connect them with a world ready to fuel entrepreneurial dreams; including unparalleled access for global brands seeking access to the next largest untapped and unrivaled rising economy.

Our Trusted Partners. Making a Vision Reality. FAQ What is Akoin? What is the Akoin Multi-Currency Wallet?

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Immense potential: Akon invests in Africa

Akon, the Senegalese-American singer of hit “Smack That”, has said the city will attract tourists and create thousands of jobs. U.S.-based. Akon called for unity and working together across African countries to achieve synergistic development. He recognized Africa's potential to. The lighting project in Africa pioneered by Akon serves as grounds of consideration for Akon city. Since its launch in , the project has.