The Horn of Africa¡¯s livestock trade is worth hundreds of millions of dollars a year, largely in the export of live animals to the Middle East. Hear about a project supported by the World Bank that is mobilizing private capital to help pastoralists in Djibouti, Ethiopia, Kenya, and Somalia earn a greater share of the profits by improving their access to markets.
, the De-risking, Inclusion and Value Enhancement of Pastoral Economies project, also protects pastoralists against financial losses from natural disasters and the effects of climate change. The project¡¯s aim is to build financial resistance to climate shocks with a package of financial services, which include drought insurance and savings and digital accounts and better integrate pastoralists in value chains. The has earmarked $360.5 million for the project, which is expected to mobilize $572 million in private capital.