Around 250,000 households (1.6 million pastoralists) will benefit from the World Bank-supported De-risking, Inclusion, and Value Enhancement of Pastoral Economies in the Horn of Africa (DRIVE) Project. It is working to enable the Horn of Africa region to adapt to the impacts of climate change, commercialize livestock production in pastoralist communities, and ensure inclusion of the marginalized and vulnerable groups such as women in the sector. The project mobilizes $572 million in private capital to help pastoralists tap into savings and insurance, digital accounts, and private investment. About 2,500 pastoralist groups will be linked to markets to reap more value from livestock rearing. Learn more: http://wrld.bg/7fYf50QApcQ #hornofafrica

00:00 Severe drought led to huge livestock losses in the Horn of Africa
01:35 Private companies are now able to offer pastoralists insurance against drought
02:30 Women pastoralists gain access to financial services
03:27 Insurance mechanisms help climate mitigation efforts and reduce poverty

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