News

Starlink In Lebanon: An End To Lebanon’s Internet Nightmare?

The Ministry of Telecommunications has looked into the SpaceX satellite system to improve connectivity.

Published

9 months ago

November 2, 2023

Nour Nasir

Starlink

While the rest of the world enjoys speedy web browsing and downloads, Lebanon’s internet infrastructure remains a nightmare. The country’s aging or non-existent telecom infrastructure means poor connectivity in remote locations and frequent disconnects and technical issues even in urban areas.

Now, with the Israel-Hamas conflict threatening to spill over into neighboring regions, Lebanon’s already patchy internet connectivity could become even worse, with telecommunications usually one of the first pieces of infrastructure to be targeted during an attack.

To address these problems and provide enhanced connectivity, Lebanon’s Ministry of Telecommunications has explored Elon Musk’s Starlink system, which relies on 3,200 satellites, negating the need for fixed wires and other paraphernalia.

Caretaker Minister of Telecommunications Johnny Corm thinks that Starlink could be the key to solving Lebanon’s internet woes, explaining that “The ministry will grant licenses to companies that will sell this system to individuals through the Ministry of Telecom. We will not have to pay anything,” in response to questions about how such a partnership would work.

Although expensive for individuals, Starlink would allow businesses to expand their operations with faster and more reliable internet connections. In addition, the SpaceX service would enable Lebanon to better connect to the global digital economy.

Also Read: The Largest Data Breaches In The Middle East

However, there are downsides to the satellite-based system. One of the major obstacles is cost, as the technology is much more expensive than traditional cables or fiber optics solutions. Additionally, the satellite signal could be disrupted by bad weather or other natural causes. Finally, the government would need to establish regulations to ensure the service complies with global standards.

Nevertheless, where the Lebanese government has historically been unable to meet citizens’ needs for reliable internet, Starlink has the potential to make a difference and provide a welcome boost to the Lebanese economy in the process.

Related Topics:Internet Lebanon SpaceX Starlink

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Mamo Completes $3.4M Funding Round To Enhance Fintech Services

The startup will use the influx of cash to expand into Saudi Arabia and across the wider GCC while improving its product offering.

Published

2 days ago

July 25, 2024

Nour Nasir

Mamo

UAE-based fintech Mamo has announced the completion of a $3.4 million funding round that will help the startup extend its market presence and improve its product offering. Investors included 4DX Ventures, the Dubai Future District Fund and Cyfr Capital.

Mamo’s platform offers “payment collection, corporate cards and expense management” to help small and medium-sized businesses consolidate and streamline their operations. With the latest influx of capital, Mamo will further develop its comprehensive suite of services and begin testing its product lines in Saudi Arabia, further extending its footprint across the GCC.

Imad Gharazeddine, co-founder and CEO of Mamo, stated: “We’ve been in the market for a while now and are incredibly proud of what our team has achieved. The holistic and expansive nature of our product offering has helped us continue to grow sustainably. This additional funding will allow us to reach our medium-term goals even faster. The support from new and existing investors is a testament to our strong expertise and the ability to deliver on our customer promise”.

Daniel Marlo, General Partner of lead investor 4DX Ventures, added: “We have immense trust in Imad’s vision, leadership and Mamo’s innovative approach to provide a user-friendly and comprehensive financial solution for SMEs that makes financial management more accessible and efficient. We are proud to partner with them and support their mission”.

Also Read: A Guide To Digital Payment Methods In The Middle East

Amer Fatayer, Managing Director of Dubai Future District Fund’s investment team, also commented: “Mamo’s localized product lines serve as an infrastructure for SME payments and spend management in UAE, a segment that is underserved by the country’s current banking infrastructure. The team has taken a product-first approach to consolidating SMEs’ financial journeys and building a fintech solution deeply embedded in a business’s core operations”.

To date, Mamo has raised around $13 million in investment funding and now boasts a team of 30 people. The company’s intuitive financial services platform has allowed over 1,000 businesses to consolidate their financial operations and significantly reduce payment fees.