Story Highlights:

1. A Lifeline in the Horn of Africa: The Horn of Africa witnessed a devastating drought that led to the loss of over 9.5 million animals, severely impacting the region’s livestock trade.

2. Empowering Pastoralists: The “De-risking, Inclusion, and Value Enhancement of Pastoral Economies Project” is a groundbreaking initiative aimed at safeguarding the livelihoods of pastoralists. It focuses on mitigating their financial losses and enhancing their access to crucial markets.

3. Resilience Over Accumulation: The project encourages pastoralists to adopt a more resilient financial strategy. Instead of investing all their resources in expanding their herds, they are encouraged to maintain cash reserves, ensuring they can weather disasters. These reserves include both savings accounts for moderate setbacks and insurance for more severe shocks, providing a safety net for these vulnerable communities.