All is Set for Technological and Economic Revolution in Guinea-Bissau

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by Andy Watson · 4 min read
All is Set for Technological and Economic Revolution in Guinea-Bissau
Photo: dtang0426 / Flickr

With the help of the token sale, Cajutel, a Guinea-Bissau company under Swiss ownership, wants to providing high speed internet to the entire nation.

Government outlook in developing countries always plays a significant role in infrastructural development. The impact of how governments respond is usually more significant when it comes to modern day telecommunication infrastructure.

The Government and Development

The reason for the significant attention that such governments gives to telecommunications industry is determined by the extent of freedom it wants to permit its citizens. This explains the relationship between the advancement in telecommunications technology and the prosperity of a nation.

High speed internet is an innovation that has proven to be highly intertwined with modern day technological and economical advancement. The most prosperous nations in the 21st century are observed to be highly advanced in technologies surrounded by internet reliability. Emerging world powers like China and Japan have achieved their present status by investing significantly into becoming the global technological hub.

Developing nations like Kenya, Rwanda and Nigeria have achieved recognizable status since the turn of the millennium. This was possible because of how receptive their governments were with the advent of broadband internet and mobile telecommunications.

Guinea-Bissau is Ripe and Ready

The newly found love for technology and the welcoming attitude of the government of Guinea-Bissau towards investors in high speed internet sets the West African nation up for advancement as well.

Hence, opportunities abound for investors seeking virgin lands to do business around the telecom industry in Guinea-Bissau. On the other hand, the encroachment of such technological infrastructure also prepares the nation for a revolutionized economy joining its progressive peers in the comity of states.

Early to embrace the opportunity of providing high speed internet to the entire nation of Guinea-Bissau is Cajutel, a native organization under Swiss proprietorship.

Andreas Fink, CEO of Cajutel says:

“Our main goal is to build up a system that gives web innovation to every part of Guinea-Bissau, also additionally to the rural and remote regions and future development to neighboring nations.”

Fink brings along his vast experience as an international businessman with a number of companies such as DataCell ehf, and  Fink Telecom that are delivering effective telecom services in different parts of the world.

To achieve its goal, Cajutel is looking for an investment of $30M to cover Guinea-Bissau and Guinea (the big plan) or a minimum of $12M for the slower building plan to only cover Guinea-Bissau.

A Unique Crowdfunding System

The company is therefore embarking on an ICO which will broaden its investment perspective by offering investors of all classes across the globe the opportunity to participate.

Unlike regular ICOs, acquired tokens of Cajutel do not become independent entities that are controlled strictly by the crypto market forces. Rather the tokens represent company shares that retain the value of the organization going into the future. Essentially, Cajutel token holders automatically become shareholders of the company with full long term benefits.

It is said that infrastructure sector is all about building assets for the country, hence, it is a part of nation building. The installation of high speed internet by Cajutel is expected to take Guinea-Bissau’s telecommunications industry to another level.

Taking Things to Another Level

So far, the only operational companies in the industry are MTN and Orange which offer relatively low bandwidth internet with minimal speed. Cajutel aims at upgrading the national internet reception significantly both in terms of bandwidth and speed of service while reducing cost for users.

“Catujel will be the fastest internet provider in the area for the public, outperforming the existing operators offering by a factor of 10x to 100x with an at least 30% cheaper price. This enables internet technologies not present in West Africa simply due to lack of bandwidth and too high prices. It makes it affordable for the general public to get access to the internet. That is why only less than 2% have access today. So there’s 98% available to be grabbed by us”, says Fink.

Apparently, the globalization project is fueled by technologies built around the internet. Therefore, to be a part of the “Real World” and to be in tune with global advancement, a nation must embrace the internet as a fundamental infrastructure.

The friendly attitude of the government of Guinea-Bissau towards emerging enterprises is a clear indication of its progression towards economic empowerment and national development.

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