Rapper Akon financing copper and cobalt mine in Congo for this reason
Akon has launched a number of business and philanthropic ventures across Africa in recent years
A company led by American-Senegalese R&B singer Akon has signed a deal to finance a copper and cobalt mine in the Democratic Republic of Congo in a joint venture with a state miner, according to a contract published by the mines ministry.
The Grammy-nominated singer, known for hit songs like Don’t Matter and Smack That has launched a number of business and philanthropic ventures across Africa in recent years, including a $6 billion futuristic city in Senegal and a cryptocurrency called Akoin.
Akon’s foray into Congo’s mining sector comes through a US - registered firm called White Waterfall LLC, of which he is the president and CEO, according to contracts published on the mines ministry website.
One of the contracts, dated December 14 and signed by Akon, whose legal name is Aliaune Thiam, commits White Waterfall to paying a $2 million signing bonus and financing a feasibility study of the Kimono reserve in Haut Katanga province. - Reuters
-
James Van Der Beek's impact post death with bowel cancer on the rise -
Blake Lively, Justin Baldoni at odds with each other over settlement -
James Van Der Beek's family received strong financial help from actor's fans -
Alfonso Ribeiro vows to be James Van Der Beek daughter godfather -
Katie Holmes reacts to James Van Der Beek's tragic death: 'I mourn this loss' -
'The Masked Singer' pays homage to James Van Der Beek after his death -
Reese Witherspoon pays tribute to James Van Der Beek after his death -
'Single' Zayn Malik shares whether he wants more kids