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Mobile Ecosystem to Add $11tn into Global Economy by 2030

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The mobile ecosystem continues its upward trajectory, with projections that it will contribute $11 trillion, or 8.4% of global gross domestic product (GDP), in economic value by 2030.

The ecosystem currently generates around 5.8% of global GDP, which is equivalent to $6.5 trillion of economic value added. This is one of the highlights from the GSM Association’s (GSMA’s) recently released Mobile Economy Report 2025, which was authored by GSMA Intelligence, its research arm.

The GSMA categorises the mobile ecosystem into three areas: mobile operators, infrastructure and equipment, and content and services.

Mobile’s contribution to the global economy is being driven by several factors, it states. These include countries around the world increasingly benefiting from improvements in productivity and efficiency brought about by the increased take-up of mobile services and Digital technologies, including 5G, internet of things (IOT) and artificial intelligence (AI).

“Mobile technologies and the ensuing digital transformation will boost the economy by nearly $11 trillion in 2030. Much of this will materialise in regions with a higher integration of digital technologies in enterprises, including North America, Europe and Asia Pacific.

“Towards the end of the decade, low- and middle-income countries (LMICs) are expected to realise an increasing proportion of economic benefits, as mobile technology achieves greater scale and widespread adoption. However, current adoption of more advanced technologies in LMICs is lagging adoption in high-income countries.

“Mobile technologies are expected to benefit all sectors of the global economy, although some industries will benefit more than others due to their ability to incorporate the latest wave of digital technologies, including 5G, IOT and AI.”

The report shows that 58% of the world’s population used mobile internet at the end of 2024, representing 4.7 billion users – an increase of 2.2 billion since 2015.

This number is expected to rise to 5.5 billion users (64%) by 2030, it notes. However, the GSMA points out that the growth rate at which people are adopting mobile internet has slowed in recent years.

“Around 110 million people started using mobile internet in 2024, which is slightly down on the 2022 and 2023 figures, and significantly lower than growth in 2015 to 2021, when more than 200 million people became connected each year.

“Of the 3.4 billion people who remain unconnected to mobile internet, almost 90% live in an area already covered by mobile broadband, but do not use mobile internet. With mobile internet adoption outpacing network expansion, this usage gap has continued to shrink, standing at 38% by the end of 2024.

“However, the usage gap remains nine times the size of the coverage gap, and is over 45% in Asia Pacific, the Middle East, North Africa and Sub-Saharan Africa.”

According to the report, by 2028, 5G adoption will surpass that of 4G adoption. This, as 5G connections worldwide surpassed two billion at the end of 2024, with expectations that 5G will account for over half (57%) of total mobile connections in 2030.

“The share of mobile connections on 4G is beginning to wane as 5G commercialisation gathers pace. As of December 2024, 305 operators in 121 markets had launched commercial 5G mobile services. More countries are expected to follow, with 80 operators from 60 markets announcing launch plans for mobile 5G services in the coming years.

“With 2G and 3G networks accounting for less than 20% of mobile connections worldwide, legacy networks are being phased out in many regions. By the end of November 2024, a total of 152 networks had been shut down and another 131 networks were planned to be shut down by 2030.

“Asia Pacific and Europe lead the way, accounting for around 70% of network sunsets to date. Network sunsets enable more efficient spectrum use, while also reducing energy consumption.”

According to the GSMA report, the number of 5G connections worldwide surpassed two billion at the end of 2024, accounting for more than half of mobile connections in North America, Greater China and developed Asia Pacific.

“Growth will intensify in the second half of this decade, with 5G adoption set to exceed 80% in leading 5G markets by 2030.

“It is still early days for 5G adoption in most emerging 5G markets. However, 5G adoption will gather pace over the next few years with the arrival of cheaper 5G smartphones and new spectrum assignments.

“As a result, 5G is expected to account for almost 40% of total mobile connections in LMICs (excluding China) by the end of the decade, equivalent to 2.3 billion connections.”


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Mastercard Report Reveals Top Travel Trends Shaping Africa in 2025

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Mastercard Economics Institute (MEI) has released its annual Travel Trends 2025 report, revealing the latest consumer spending insights and motivation when it comes to travel.

Cross-border movement is often influenced by the most pressing economic factors of the moment, such as exchange rates and geopolitical tensions. However, these are not the only factors driving consumers’ travel spending decisions, including those in Africa. Personal and purpose-driven factors remain powerful even when economic uncertainty looms.

Building on the resilience of the global travel sector seen last year, the 2025 report highlights how destinations across the African continent are increasingly appealing to tourists and, creating additional opportunities for local markets to develop tourism.

 “Africa is emerging as a global leader in purpose-driven travel, where nature, wellness, and culinary experiences are redefining the continent’s tourism landscape. These trends present a powerful opportunity to drive inclusive growth, support local economies, and position Africa as a key player in the future of global tourism,” said Mark Elliot, division president, Africa, Mastercard.

 Whether drawn by Namibia’s wellness retreats, South Africa’s wilderness experiences or Morocco’s vibrant culinary scene, travelers are expanding their horizons beyond traditional hotspots.

 Tourism is playing an important role in Africa’s growth story. Travelers are increasingly drawn to the continent’s natural beauty, culinary diversity, and wellness experiences. While economic and geopolitical factors matter, the pursuit of meaningful, purpose-driven travel remains strong. The Mastercard Economics Institute’s report sheds light on how countries are tapping into this trend to attract visitors and boost local economies,” said Khatija Haque, chief economist EEMEA, Mastercard Economics Institute.

By exploring a full range of travel motivations, the report identifies the main themes shaping travel today:

 Africa trends:

  • Nature-fueled adventures: South Africa and Zambia dominate cross-border spending around national park areas. Spending around South Africa’s major national parks far outpaced that of other countries, with nearly a quarter of the cross-border spending occurring within these zones. Zambia is also highly ranked as an outdoor adventure destination.
  • Culinary crossroads: Marrakech ranks highly on the foodie list with its median restaurant hosting tourists from many different countries, often to enjoy meals of tagine and b’stilla. Cape Town is also on the list, with its bobotie dish proving popular with visitors.
  • Wellness in the wild: Africa is establishing itself as a global leader in wellness-centered travel as consumers prioritize rejuvenation and self-care. Namibia, South Africa and Botswana are among the top destinations for travelers seeking spa-style and nature-based retreats and immersive eco lodges. Kenya is also ranked among the top 20 destinations for wellness In the Mastercard Wellness Index 2025.

 Other global trends:

  • Spa, summit and savor: Personal passions and goals motivate travel choices. Adventure-seekers are heading to the Nordics, where Finland’s national parks account for 7.1% of cross-border spending in the country.
  • Summer destination draws: The Asia-Pacific region commands the list of trending summer destinations. Flight booking data reveals the top global destinations gaining most momentum for June-September travel, relative to last year. Tokyo is the number one trending spot for summer 2025, followed by Osaka and then Paris.
  • Fuelled by fans: Fans travel internationally to see their favorite teams and athletes play. Case in point? During Shohei Ohtani’s World Series debut, spending by Japanese visitors in Los Angeles surged by 91%, six times the broader cross-border boost. 
  • Money matters: Despite geopolitical tensions and fluctuating prices, the factors that motivate consumers to travel are often more complex than just economic. But currency depreciation can make certain destinations, like Japan, more attractive due to their better value for money.
  • Wheeling and dealing closer to home: In general, business travelers favor longer trips within their own regions, driven by hybrid work models and geopolitical uncertainty. However, there are exceptions, with UK businesses spending a growing share of their travel budgets in Asia, Europe, the Middle East and Africa.

Mastercard is dedicated to helping the global tourism sector grow through market analysis and high-frequency, data-driven insights that enhance the travel experience. By empowering destinations and businesses to better understand evolving consumer trends, Mastercard is helping to shape a more connected and resilient future for travel across Africa.

You can view the full “Travel Trends 2025: Purpose-driven journeys” and other reports and insights from the Mastercard Economics Institute can be found here.


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Nigeria to Receive $3Bn Telecoms Infrastructure in June – Minister

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Bosun Tijani, Minister of Communications, Innovations and Digital Economy
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Nigeria is set to receive telecommunications equipment and fibre optic infrastructure worth $3 billion in June 2025, according to Bosun Tijani, minister of Communications, Innovation and Digital Economy.

Nigeria to Receive $3Bn Telecoms Infrastructure in June – Minister

Speaking during a panel session at the Nigeria Development Update (NDU) organised by the World Bank, Tijani revealed that the equipment valued at $1 billion was expected to arrive in the country by mid-2025.

He added that an additional $2 billion worth of fibre optic cables would soon be delivered to boost Nigeria’s telecommunications infrastructure.

According to him, the initiative aims to significantly enhance communication services across the country and bridge the connectivity gap.

Tijani also noted that a pilot phase targeting over 20 million Nigerians who currently lack access to any form of telecommunications would soon be launched.

The Nigeria Development Update (NDU) is a bi-annual World Bank report that assesses the country’s recent economic and social developments, policy directions, and provides recommendations to address emerging challenges.


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Legend Internet Debuts Nigeria’s First Fibre-to-the-room Service

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Legend Internet Plc has launched FTTR by Legend — Nigeria’s first Fibre-to-the-Room (FTTR) service, redefining the standard for broadband connectivity across homes and businesses.

“Being listed on NGX is just the beginning, With FTTR by Legend, we are building the infrastructure of the future, today — not just to improve connectivity, but to transform how people live, work, and create”, said Aisha Abdulaziz, CEO of Legend Internet Plc.

This groundbreaking innovation was deployed by Legend, with strategic technology support from global telecommunications leader- Huawei. The result is a seamless digital experience that meets the demands of modern living.

The launch of FTTR follows the recent signing of a Memorandum of Understanding (MoU) between Legend Internet and Huawei Technologies.

“Our collaboration with Huawei reflects our commitment to global standards and local innovation. Unlike traditional broadband that stops at the router, FTTR by Legend brings pure fibre into every room, offering zero lag, full-house coverage, and the performance needed for smart homes, remote work, creators, and tech-forward enterprises.

The collaboration is aimed at accelerating broadband infrastructure development, enhancing local capacity, and positioning Nigeria as a digital leader in Africa. Huawei brings decades of R&D in fibre optic and smart home technology to support Legend in deploying this state-of-the-art infrastructure.

Coming on the heels of its recent listing on the Nigerian Exchange Limited(NGX), Legend Internet PLC shows no signs of slowing down. The company is celebrating its public debut with a landmark product — one that delivers ultra-high-speed fibre into every room of a building, enabling uninterrupted, gigabit-speed internet at all times.

Legend Internet’s entry into fibre-to-the-room solutions is part of a broader ambition to close the digital divide in Nigeria. While FTTR by Legend is currently being offered exclusively to high-end residences, the company plans to scale and democratize access through complementary solutions over time. This aligns with Legend’s dual-market approach.

In broadband, Legend leverages fibre optics to deliver ultra-high-speed internet directly to consumers, with a focus on reliability, speed, and innovation. In fintech, the company is expanding last-mile payment infrastructure and delivering secure, scalable tools including wallets, merchant solutions, and digital financial platforms for everyday use.

Legend’s mission is clear: to power Nigeria’s digital future — through cutting-edge technology, bold thinking, and local-first execution.


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