Akon has finalized an agreement for 'Akon City, ' which will reportedly be completed in 2025.

Akon claims the city will be built on a 2,000-acre land gifted to him by the President of Senegal, Macky Sall. The new city would also trade exclusively in his own digital cash currency called AKoin, he said.

The rapper shared a picture of himself with some a few dignitaries holding a document that seems to confirm that his plans have been given the green light and that he can now begin creating the new city.

"It's a 10-year building block, so we're doing it in stages. We started construction in March, and stage two is going to be 2025,' he said during an interview with Nick Cannon last month.

He continued: "If you can have a billion dollars sitting in the bank, while you have all these people suffering, it's crazy to me. It's like a waste of a billion dollars."