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RE: Construction for the First Cryptocurrency Themed City to Begin in Africa

in HODL4 years ago

Where did he get the $6bn ?
Or does he plan to raise them later on?

I am also impressed this news/idea is still there as I thought it was an unrealistic utopia.

Thanks for keeping us updated

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From investors, I dunno. Although most news headline says $6bn but press release states:

With the awarding of the contract, KE International has secured US $4 Billion from investors for the first and second Phases of execution of Akon City, and will have Dubai based Bakri & Associates Development Consultants lead the architectural designs under KE International guidance.

May be, they included $2bn given to KE International for MMTC city too 🤔

MMTC city is named after the investor Mwale as he invested in that project. However, I haven't looked into the source of funding for this. But yes, it's not an easy task to raise this much fund. The 2000 acre land was gifted to Akon by Senegal President last year.