Malabo — 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 and stimulate innovation, increasing productivity, and create high-skilled jobs in Equatorial Guinea.
"Looking at the size of Equatorial Guinea's economy, digital marketplace platforms can help firms to expand and access other markets, which could be especially important to stimulate the development of the private sector in the country,"The report further provides a series of specific, actionable, and prioritized recommendations for Equatorial Guinea to develop a vibrant, safe, and inclusive digital economy.
"Going forward, it is essential for the Government of Equatorial Guinea to undertake concerted reform efforts across the five pillars, while addressing the following cross-cutting issues: Improving data quality, coverage, and usage; improving institutional coordination and access to reliable electricity; strengthening the implementation of the legal and regulatory framework; and bridging the island-continental digital divide and gender gap,").
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