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And in 2017, Arthur Ntozi, a Ugandan tech entrepreneur, sued Mwale, alleging he failed to repay a $50,000 loan. In 2015, a New York court ordered Mwale to pay more than $209,000 to the former landlord of his Manhattan office after Mwale was accused of failing to pay rent and other bills for nearly a year. In March 2012, a New York court ordered Mwale and SBA Technologies - alongside another defendant, Fiona Graham - to pay more than $325,000 to two women who sued Mwale and Graham for what they alleged was a fraudulent loan. The Kenyan entrepreneur and his business have faced at least three lawsuits in New York, public records showed. In New York, Mwale founded SBA Technologies Inc., a company that he said provided secure platforms for A spokesperson for Mwale confirmed Mwale fled the country after a disagreement with government authorities and said his life was in danger. Technology research he worked on in the military. Mwale told the outlet in 2009 that he was "forced to flee the country" after a disagreement with government authorities over the
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A former Kenya Air Force soldier, Mwale left the country in 2000 under " unclear circumstances" and sought asylum in the US, according to Capital FM, a Kenyan radio station. Mwale is a benefactor with a mysterious past and a history of being sued over allegations that he didn't pay his debts. According to Mwale's spokesperson, he's responsible for the bulk of the $4 billion that's been raised. Karas confirmed to Business Insider that Mwale - who is the only named financier of Akon City so far - was the lead investor. The firm had previously developed the $2 billion MMTC, which is about 90% complete.Īccording to the press release, KE International helped secure an initial $4 billion in investment for the city from "leaders in the healthcare and technology infrastructure industries," including Julius Mwale, the Kenyan technology entrepreneur behind MMTC. Two months later, the Los Angeles firm KE International announced it had been awarded the $6 billion construction contract for Akon City. "Looking forward to hosting you in the future," Akon tweeted alongside the announcement that the deal was finalized in January.Īnother milestone came in April, when Akoin announced that the cryptocurrency would first launch in another smart city in Kenya, the Mwale Medical and Technology City (MMTC). Karas said he could not provide documentation verifying the land deal because it was confidential. According to Karas, Akon wrote "a seven-figure check" to option the land.
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Previous reports that the president gifted Akon the 2,000-acre plot of land for the city were incorrect, Karas said. In an episode of the " Blockchain Journeys" podcast in March, Karas said they need a huge security team when they go to Africa "because of the number of people that just want to touch him." In 2017, Forbes Africa named him the most bankable artist on the continent.Īccording to Karas, Akon, 47, is "bigger than Michael Jackson" in Africa. While Akon's star power may have faded in the US, it shines brighter than ever in Africa. We tried to answer the basic - and still unanswered - question that could overthrow Akon's proposed utopia: Is it possible, or will it become yet another abandoned plan in Africa's long string of failed smart cities? 'Bigger than Michael Jackson'
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And while several of the most prominent people involved in the city's development - including Akon - tout the city as a future job generator for locals, none were able to lay out a plan for how exactly locals would benefit from the construction of this gleaming giant. What we found is that Akon is helming a $6 billion project that teeters largely on a single named investor's backing - one who has a history of lawsuits on file regarding unpaid debts.
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In interviews with key players in the project and experts in the tech and sustainable-development fields in Africa, Business Insider delved into how this project is playing out. Louis, Missouri, in 1973, Akon grew up in Senegal before he and his family (including his father, jazz percussionist Mor Thiam) returned to the United States and settled. 2.īorn Aliaune Damala Badara Akon Thiam in St. He has showcased these label connections on 2013's Konvict Mixtape, Vol. Along with his music, Akon founded his own Konvict label, helping launch the careers of artists including T-Pain, Lady Gaga, and Kardinal Offishall. and U.K., the song helped Trouble go platinum, a certification achieved several times over on subsequent albums including 2006's Konvicted and 2008's Freedom. Mixing smooth R&B vocals with hip-hop grooves, Senegalese-American singer, producer, and entrepreneur Akon first gained fame with the single "Locked Up," from his 2004 debut album, Trouble.