The NRO, manages a fund, if I recall correctly, contributed by the 5 RIRs, in 
order to secure sustainability/stability of any RIR in case of contingencies.

 

I guess this is a contingency that can apply to that fund, so a “loan” can be 
provided to pay any operational expenses while the AFRINIC accounts are frozen.

 

So, no magic to obtain fund to continue operations, and in such way that no new 
court orders could froze them again, because is not “AFRINIC” money, and don’t 
need to pass by the AFRINIC accounts.

 

Regards,

Jordi

@jordipalet

 

 

 

Greetings to all

While we respect that AFRINIC just held a meeting on the issue, can we expect 
sooner or later a report from the registry about how the meeting went? And most 
especially, I think the community deserves clarity about the identified 
"alternative means" as we would all like to know more about these projected 
financial actions. I hope that we can observe more efforts from AFRINIC to 
ensure transparency on its decisions and on whatever action it may choose to 
commit.




Respectfully,
Christian

 

On Sun, Jul 25, 2021 at 1:34 PM Paul Wollner <paul.woll...@africaoncloud.net> 
wrote:

Dear Chair,

 

Would you care to share with the community where this alternative source of 
funding is coming from? Are these funds coming from other AFRINIC reserves?

 

How will this impact the day to day operations in AFRINIC?

 

Regards

Paul Wollner

 

 

 

 

 

---- On Sat, 24 Jul 2021 18:25:40 +0200 <ch...@afrinic.net> wrote ----

 

Dear AFRINIC Members, 

AFRINIC has been notified by one of its bank that its accounts have 
been temporary frozen due to legal action by Cloud Innovation 
Ltd. AFRINIC has not yet received the relevant information on this 
matter showing the basis of Cloud Innovation Ltd's claims, and 
AFRINIC has not yet been given the opportunity to respond to this 
action. It will, at the first opportunity, exercise all legal rights 
available to it before the Court. 

The Board of Directors held an urgent meeting last night. It 
identified alternate means of funding so that the company can cover 
the financial expenses incurred to run its services. 

Regards, 

Subramanian Moonesamy 
Chairman, 
AFRINIC Board of Directors 


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