Equatorial Guinea: New Report Proposes a Way Forward to Develop a Safe and Inclusive Digital Economy [Video]

In the wake of new challenges and its prolonged oil-dependency, Equatorial Guinea’s government is aiming for economic diversification as a key course of action for growth and stability. The adoption of digital technologies has the potential to increase the productivity of Small and Medium-sized Enterprises (SMEs) and stimulate innovation, increasing productivity, and create high-skilled jobs in Equatorial Guinea. Digital transformation could therefore play a critical role in diversifying Equatorial Guinea’s economy in the upcoming years.

The Digital Economy Country Diagnostic for Equatorial Guinea, developed by the World Bank and the Government of Equatorial Guinea and supported by the Digital Development Partnership (DDP), notes that, while many Sub-Saharan African countries are undertaking digital transformations, Equatorial Guinea must step up its efforts to capture a larger share of the dividends of the digital economy. The report focuses on challenges and opportunities facing Equatorial Guinea along the five foundations of the digital economy: digital infrastructure, digital public platforms, digital financial …