- The project aims to capture at least 2 Million people who do not have access to the internet
- CAJUTEL is planning to cover 75% of the population with the highest speed internet access
- The rates quoted are 30% cheap than what the other operators charge
CAJUTEL, a Sierra-Leone based company is an Ethereum based venture and is leaving no stone unturned to bring internet connectivity to the people of the region to help uplift the education and business in the country. The company has developed an infrastructure that can help in bringing this dream into reality. CAJUTEL has used Ethereum Blockchain to create digital shares of the company, which can further be used as funding purpose in the project.
Vision of the CAJUTEL
With a vision to make the world full of communication, to bring people from all over the world together by technology, help overcome borders, a society that envisages individuals, organisations and communities with unlimited access to one another and shares the wisdom of knowledge and taps the unknown is what CAJUTEL, the Ethereum based company dreams of making the world through its positive and much-needed initiative. An initiative for the people of West Africa who are in this ultra-modern age of technology are still deprived of the internet.
With a very humble beginning to put forth the country on the world map, to introduce them to the world of the internet, CAJUTEL has started building an infrastructure, an ethereum based project to help West Africans have access to high-speed internet at affordable prices.
To provide a long-term solution to the people of West Africa, this ethereum based venture is building a sustainable infrastructure from scratch in Sierra Leone, and further taking it to other continents. To begin with, the Ether based company is first focusing on Sierra Leone and aims to capture at least 2 Million people who do not have access to the internet. The lack of internet facility has impacted the region to a much greater extent with GDP no match to other countries of the world. Per capita, literacy rate and even human development index in the region has been showing negative signs of improvement.
CAJUTEL plan for SIERRA LEONE
Imagine people who have never had the opportunity to browse ever before, Cajutel project will open up several opportunities for the people. Hence, the Ethereum based company is building up infrastructure from the zero levels to bring high-speed broadband internet at affordable prices. CAJUTEL has used Ethereum Blockchain to create digital shares of the company, which can further be used as funding purpose in the project.
The Ethereum based venture, CAJUTEL is planning to cover 75% of the population with the highest speed internet access. The company will charge $50 per month for the connection, which is a standard subscription fee and later it will come down to $9 per month once the usage and client-base increases. The rates quoted are still 30% cheaper than what the other operators charge.
The market in Sierra Leone is relatively limited to 8 Million population and the business case is aiming to target maximum population share which will provide a high return of investment and high profitability. And if Guinea is also added to the plan then it will tap 10 times the population and the potential of the company will be increased by a factor of 10. Hence, the whole project by CAJUTEL is to facilitate effective communication irrespective of geography, distance, time or complexity.
The GDP per capita of Sierra Leone is one of the lowest in the world and the Human Development Index is one of the lowest on earth. More than two-thirds of the population lives below the poverty line. Their economy is mainly dependent on agriculture, fish, cashew nuts and groundnuts as its major exports.
Importance of CAJUTEL’S plan
Since the port is adjacent to the city where many Business activities happen, it is one of the business hubs for the world over. The business opportunities are aplenty in the region but the limited or no access to the internet is hampering the growth of the country. Sierra Leone has natural resources of oil but it is not being harvested yet. However, the development to do so is in progress which will add more business to the country.
Since the internet usage in the country is very low, around 1.99 million users only use the internet services for which they have to pay a high price. Moreover, the connection is very slow which often fails. Hence, CAJUTEL wants to bring an Ethereum based project that not only nurtures the society as a whole but also flourished the business in the region. The company is building an entirely new system that will be superior in every way.
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