[AfrICANN-discuss] Re: AfrICANN Digest, Vol 91, Issue 38

[Mwendwa Kivuva]

A commercial General Liability insurance cover of $500,000 will cost around
$350/year.



______________________
Mwendwa Kivuva, Nairobi, Kenya
twitter.com/lordmwesh

"There are some men who lift the age they inhabit, till all men walk on
higher ground in that lifetime." - Maxwell Anderson

On 29 September 2014 01:39, Nii Narku Quaynor <quaynor at ghana.com> wrote:

> Yes
>
> On Sep 28, 2014, at 19:40, Dr Eberhard W Lisse <el at lisse.na> wrote:
>
> The issue of interaction between Registrars and Registers is the same for
> old and new Registrars.
>
> el
>
> Sent from Dr Lisse's iPad mini
>
> On Sep 28, 2014, at 21:01, Nii Narku Quaynor <quaynor at ghana.com> wrote:
>
>
> Hi
>
> Just providing additional information
>
> On Sep 28, 2014, at 17:37, "Victor Ndonnang" <ndonnang at nvconsulting.biz>
> wrote:
>
> Dear Remmy,
>
>
>
> I 100% agree with on the fact that more awareness, communication and
> marketing activities are needed...But the insurance and financial
> requirements of the ICANN RAA is not an "non-existing" excuse for
> developing countries/African companies willing to become accredited
> registrars.
>
>
> The insurance and financial requirement are relevant for registrars but
> there may be additional issues
>
> - how new registrar will manage account information, authorizations and
> profile with 1000+ gtld registries. Can you visit 1000 websites and make
> updates as needed?
> - how registrar to pay money to 1000+ registries (requires prepayment).
> Can you deposit $1000 in each of 1000 gtld registries ie put deposit of
> $1,000,000.00 most of which may not use?
> - how to epp connect to 1000+ registries. Can you establish these
> technical setup a one by one for 1000+ registries
> - ot/e testing for over 1000+ registries. Can you physically perform the
> testing with over 1000+ registries
>
> etc. as in the paper at ICANN website on the subject. These are new
> challenges for new registrars in developing countries in addition to
> competing with numerous resellers ;)
>
>
>
> Tell me how many serious companies in Africa can easily obtain "commercial
> general liability insurance" of $500,000? Zero! Most of the 7 active
> African accredited registrars became accredited through an US or European
> based satellite or partner (...I'm not saying that partnership is not
> good)....How many serious companies in Africa can easily demonstrate the
> ability to procure liquid working capital of $70,000? Just to do a domain
> name business... Very few.
>
>
> The Ghana Dot Com registrar insurance is from Ghana and it's not from a
> USA partner. It is good business practice to have insurance; the business
> may impact customers.
>
> The business also honestly needs more capital than $70,000.00 to succeed
>
> Bon weekend
> Nii
>
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