Senegalese-American singer AAkon has just pulled off a business coup, sealing a joint venture deal with the government of the Democratic Republic of Congo (DRC) for the mining of copper and cobalt.
Akon is making a foray into the mining sector in the DRC through a company called White Waterfall, of which he is the CEO. The company is based in the United States.
According to reports, White Waterfall has committed to pay for a feasibility study of the Kimono Reserve in the Haut Katanga province of the DRC. The company willalso be paying a $2 million signing bonus.
The mining move is nothing surprising, as Akon has always displayed business acumen, besides music. The “Don’t Matter” star is the visioner of a futuristic $6 billion-dollar city in Senegal named for him.
Also, he is the brains behind Akoin, a crypto-currency with a blockchain ecosystem. At the rate the songster is moving in the business world, one wouldn’t be surprised to hear one of his companies has made it to the New York Stock exchange.
What do you think of Akon hopping into the mining sector in the DRC? You might want to join the conversation by dropping your thoughts in the comment section below.