Equatorial Guinea PublicDisclosureAuthorizedPublicDisclosureAuthorized Equatorial Guinea EquatorialGuinea DIGITALECONOMYDIAGNOSTIC ©2024TheWorldBank 1818HStreetNW,Washington,DC20433 Telephone:202-473-1000;Internet:www.worldbankgroup.org Somerightsreserved. 123421201918 ThisworkisaproductofthestaffoftheWorldBankwithexternalcontributions.Thefindings,interpreta-tions,andconclusionsexpressedhereindonotnecessarilyreflecttheviewsoftheWorldBank,itsBoardofExecutiveDirectors,orthegovernmentstheyrepresent.TheWorldBankdoesnotguaranteetheaccuracyofthedataincludedinthiswork.Theboundaries,colors,denominations,andotherinformationshownonanymapinthisworkdonotimplyanyjudgmentonthepartoftheWorldBankconcerningthelegalstatusofanyterritoryortheendorsementoracceptanceofsuchboundaries. NothinghereinshallconstituteorbeconsideredtobealimitationuponorwaiveroftheprivilegesandimmunitiesoftheWorldBank,allofwhicharespecificallyreserved. RIGHTSANDPERMISSIONS ThisworkisavailableundertheCreativeCommonsAttribution3.0IGOlicense(CCBY3.0IGO)http://creativecommons.org/licenses/by/3.0/igo.UndertheCreativeCommonsAttributionlicense,youarefreetocopy,distribute,transmit,andadaptthiswork,includingforcommercialpurposes,underthefollowingconditions: Attribution—Pleasecitetheworkasfollows:WorldBank.2023.EquatorialGuineaDigitalEconomyDiag-nostic.Washington,DC:WorldBank.License:CreativeCommonsAttributionCCBY3.0IGO. Translations—Ifyoucreateatranslationofthiswork,pleaseaddthefollowingdisclaimeralongwiththeattribution:ThistranslationwasnotcreatedbytheWorldBankandshouldnotbeconsideredanofficialWorldBanktranslation.TheWorldBankshallnotbeliableforanycontentorerrorinthistranslation. Adaptations—Ifyoucreateanadaptationofthiswork,pleaseaddthefollowingdisclaimeralongwiththeattribution:ThisisanadaptationofanoriginalworkbytheWorldBank.ViewsandopinionsexpressedintheadaptationarethesoleresponsibilityoftheauthororauthorsoftheadaptationandarenotendorsedbytheWorldBank. Third-partycontent—TheWorldBankdoesnotnecessarilyowneachcomponentofthecontentcontainedwithinthework.TheWorldBankthereforedoesnotwarrantthattheuseofanythirdparty-ownedindi-vidualcomponentorpartcontainedintheworkwillnotinfringeontherightsofthosethirdparties.Theriskofclaimsresultingfromsuchinfringementrestssolelywithyou.Ifyouwishtoreuseacomponentofthework,itisyourresponsibilitytodeterminewhetherpermissionisneededforthatreuseandtoobtainpermissionfromthecopyrightowner.Examplesofcomponentscaninclude,butarenotlimitedto,tables,figures,orimages. AllqueriesonrightsandlicensesshouldbeaddressedtoWorldBankPublications,TheWorldBank,1818HStreetNW,Washington,DC20433,USA;e-mail:pubrights@worldbank.org. EquatorialGuinea DIGITALECONOMYDIAGNOSTIC TABLEOFCONTENTS ACKNOWLEDGEMENTS1 ACRONYMSANDABBREVIATIONS2 EXECUTIVEBRIEF7 EXECUTIVESUMMARY11 INTRODUCTION24 EQUATORIALGUINEAANDITSNASCENTDIGITALECONOMY24 AFRICA’SDIGITALTRANSFORMATION32 THEWORLDBANK’SDIGITALECONOMYFORAFRICAINITIATIVE35 1|DIGITALINFRASTRUCTURE39 1.1|IMPORTANCE39 1.2|DIAGNOSTICFINDINGS:CURRENTSTATEOFDIGITALINFRASTRUCTURE40 1.3|DIGITALINFRASTRUCTURERECOMENDATIONS60 2|DIGITALPUBLICPLATFORMS63 2.1|IMPORTANCE63 2.2|DIAGNOSTICFINDINGS:CURRENTSTATEOFDIGITALPUBLICPLATFORMS63 2.3|DIGITALINFRASTRUCTURERECOMENDATIONS83 3|DIGITALFINANCIALSERVICES87 3.1|IMPORTANCE87 3.2|DIAGNOSTICFINDINGS:CURRENTSTATEOFDFS88 3.3|DFSRECOMENDATIONS109 4|DIGITALBUSINESSES112 4.1|IMPORTANCE112 4.2|DIAGNOSTICFINDINGS:CURRENTSTATEOFDIGITALBUSINESSES113 4.3|DIGITALBUSINESSESRECOMMENDATIONS132 EquatorialGuinea DIGITALECONOMYDIAGNOSTIC 5|DIGITALSKILLS137 5.1|IMPORTANCE137 5.2|DIAGNOSTICFINDINGS:CURRENTSTATEOFDIGITALSKILLS138 5.3|DIGITALSKILLSRECOMMENDATIONS155 CONCLUSIONS162 REFERENCES166 ANNEX1|SUMMARYOFRECOMMENDATIONS171 ANNEX2|HIGH-LEVELTARGETSOFTHEDE4AINITIATIVE186 v @ra2studio/Shutterstock EquatorialGuinea DIGITALECONOMYDIAGNOSTIC ACKNOWLEDGEMENTS ThisreportwaspreparedbytheWorldBankteamledbyCamilaMejiaGiraldo(SeniorDig-italDevelopmentSpecialist)andcomprisingthefollowingmembers:SamuelRubenAlexan-derGaroni(GovernanceSpecialist,ChapterLeadforDigitalPublicPlatforms);Olivia-KellyLonkeu,(FinancialSectorSpecialist,ChapterLeadforDigitalFinancialServices);ElenaPuchePalao,(ChapterLeadforDigitalBusinesses);MartinEliasDeSimone(EducationSpecialist,ChapterLeadforDigitalSkills);andAmadouMakhtarFall(DigitalDevelopmentSpecialist,ChapterLeadforDigitalInfrastructure).TheteamalsoincludedIvanGonzalezBerenguer(Consultant)andBelenRodriguezMartinez(DigitalDevelopmentAnalyst). ThereportwaspreparedininclosecollaborationwithcolleaguesfromtheInternationalFinanceCorporation(IFC),ledbyMarcosVaena(SeniorStrategyOfficer). ValuableguidancewasprovidedbyTaniaBegazo(SeniorEconomist),JeanMichelLobet(SeniorFinancialSectorSpecialist),HeriniainaAndrianasy(SeniorPublicSectorSpecialist),SteisianasariMileiva(SocialProtectionSpecialist),andAlessandraHeinemann(SeniorSocialProtectionSpecialist). Theteamisgratefultothepeerreviewsofthereport:DanielNogueira-Budny(SeniorDigitalDevelopmentSpecialist),IdaSMboob(SeniorDigitalDevelopmentSpeci