Equatorial Guinea accelerates digital economy transformation

Equatorial Guinea, traditionally reliant on oil revenues, is embracing digital transformation to diversify its economy. In collaboration with the World Bank (WB) and the Digital Development Partnership, the government aims to boost SME productivity, foster innovation, and create skilled jobs.

The Digital Economy Country Diagnostic report identifies key areas for growth: digital infrastructure, public platforms, financial services, digital businesses, and skills development.

In the report, Aissatou Diallo, Resident Representative for Equatorial Guinea highlighted the potential of digital platforms to expand market access for local firms. The report’s recommendations include enhancing digital infrastructure, developing public platforms, expanding financial services, supporting digital entrepreneurship, and improving ICT education.

Meanwhile, Camila Mejia Giraldo, World Bank Senior Digital Development Specialist and lead author of the report, stressed reforms in data quality, institutional coordination, regulatory frameworks, and addressing digital divides and gender gaps.

Equatorial Guinea looks to these efforts to drive sustainable economic diversification and inclusive growth through digital innovation.

Attribution: World Bank.