Cajutel Sarl, a Swiss-owned telecom company, is building infrastructure to give people in West Africa gain access to high-speed internet at affordable prices. Building the solution from scratch, Cajutel has decided to undertake an ICO to raise the required investment for the project. By doing this, the company has created a solar DAO for West Africa.
Based in Guinea-Bissau, the company will initially focus its efforts in the local region before expanding across the continent. Through its project, Cajutel aims to provide connectivity to a majority of the reported 1.7 million population who presently don’t have access to the internet, or one of a poor quality. The increase in connectivity would hopefully also have the effect of raising GDP, per capita, literacy and human development index for those with access to more information. Individuals and business alike stand to gain from more affordable and accessible data.