AKON - Cameo - Truths

Karas verified to Service Expert that Mwale who is the only named investor of Akon City up until now was the lead investor. According to Mwale's spokesperson, he's accountable for the bulk of the $4 billion that's been raised. Mwale is a benefactor with a mysterious past and a history of being taken legal action against over allegations that he didn't pay his debts.

Akon Is Building a City in Senegal Called 'Akon City' - Travel + Leisure

Mwale told the outlet in 2009 that he was "forced to run away the nation" after a disagreement with government authorities over the he dealt with in the armed force. A representative for Mwale confirmed Mwale got away the country after a dispute with government authorities and said his life remained in risk.

The Kenyan business owner and his company have actually dealt with at least 3 lawsuits in New York, public records revealed. In March 2012, a New York court ordered Mwale and SBA Technologies together with another accused, Fiona Graham to pay more than $325,000 to 2 females who sued Mwale and Graham for what they alleged was a fraudulent loan.

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And in 2017, Arthur Ntozi, a Ugandan tech entrepreneur, sued Mwale, declaring he failed to repay a $50,000 loan. Mwale's spokesperson told Organization Expert his attorneys would litigate any "pointless judgements/suits within statute of limitation up until justice is served." Karas stated Mwale has been "proper, expert, and forward-thinking" when it pertains to Akon City.

Karas, Mwale, and KE International all decreased to call any other backers. Karas said that while he couldn't yet reveal the other partners in the task, they are comprised of "business and high-net-worth individuals" from around the world, especially Africa and the Persian Gulf states. With the project still in its relative infancy, the question remains whether Akon's vision can be understood.

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They were surrounded by media, regional politicians, members of Senegal's tourism firm, and citizens of Mbodiene, the seaside town of less than 3,000 people that sits closest to the website. Akon, left, and Senegal's tourist minister, Alioune Sarr, on August 31. Find Out More Here To Jon Karas The next day, Akon consulted with Sall at the Presidential Palace in Dakar to provide plans for the city.