Julius Mwale Christened as one of the Masters behind an Sh600 Billion Venture for the Establishment of Akon City in Senegal
By Abdul Rahman Bangura–
NEW AFRICA BUSINESS NEWS (NABN) Freetown, Sierra Leone- A certain Kenyan man, Julius Mwale has been listed as one of the masters behind an Sh600 billion project for the construction of Akon City in Senegal.
Julius Mwale was previously fulfilled as a soldier in the Kenyan Air Force but eloped to the US in 2000 after pursuing political protection heeding a bitter consequence with the administrations. Mwale is announced to be part of the undertaking which is a cryptocurrency themed City in Senegal.
Global songster Akon permeated an agreement with US-based engineering and consulting firm – KE International in early June 2020.
KE International developed the preliminary $4 billion from investors and will utilize it to complete the first and second phases of the city’s construction. In this development, the city shall likewise comprise of parks, a stadium, universities, and an industrial complex in Akon City.
The first phase, which is expected to be completed by the end of 2023, includes the construction of roads, a Hamptons Hospital campus, Hamptons Mall, a police station, a waste facility, a school, and a power plant.
Phase 2 will expire in 2029 and will focus on integrations to run on Akon’s AKOIN cryptocurrency.
Merely like Akon, Mwale is also working with KE International to create his Sh200 billion Mwale Medic and Technology City project in Kenya.
President of Senegal – Macky Sall, will dedicate Akon City as an outstanding tax zone with tax breaks geared towards exhorting corporations to capitalize.
Akon’s city will be only the second led city in Africa fulfilling Mwale’s Mwale Medical and Technology City. The whole edifice for Akon City is anticipated to be finalized in 2030.
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