Akon Gets $1 Billion Backing From Chinese Investors


American star singer Akon got a huge boost in his project that aims to expand electricity reach in Africa, after he secured $1 billion in a Chinese credit line.

The 43-year-old began a project to power over 16 million homes in Africa. He took his project to 15 countries with much success, and is now targeting to reach over 80 million homes.

“Without electricity, you can’t even begin to develop a country, let alone your own home,” the singer says.

Akon is looking to use the money to purchase solar panels to get electricity to the people of the community.

Akon was born in St. Louis, Missouri, and spent much of his childhood in the West African country Senegal, which he describes as his “hometown”.

Akon Lighting Africa is a project started in 2014 by music artist Akon with Samba Bathily and Thione Niang which aims to provide electricity by solar energy inAfrica.

According to Akon, he and Thione Niang grew up in Kaolack Region, Senegal in a town without electricity. In 2013 both decided to help drive Africa’s transformation.Samba Bathily joined them and provided targeted solutions through his company, Solektra INT, which supplies solar-powered equipment. By combining their networks, they launched the project in February 2014. The projects now provides electricity in 14 African countries and employs over 5,000 mainly young people who install and maintain solar equipment.

Since launching in 2014, Akon’s group has operations in 11 nations, including Guinea, Senegal, Mali, Niger, Benin and Sierra Leone.