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The Horn of Africa De-risking, Inclusion and Value Enhancement (DRIVE) for pastoralist economies is a $360.5m project funded by the World Bank and partners to enhance pastoralists' access to financial services for drought mitigation, include them in value chains and facilitate livestock trade in the Horn of Africa.
The project aims to impact more than 1.6 million pastoralists drawn from 2,500 pastoralist groups over a five-year period. The project aims to protect pastoralists from the effects of drought, increase access to financial services and facilitate livestock and livestock product trade.
The project, which will be implemented in four Horn of Africa countries namely Kenya, Ethiopia, Somalia, and Djibouti, has two components:
Component 1: A package of financial services for climate resilience to scale up financial
protection through provision of services such as drought insurance, savings, provision of digital accounts and financial literacy. The funding from the World Bank will be passed on as premium subsidies for the participating pastoralist groups, with individual pastoralists expected to make contributions to the premium payment to access cover.
Component 2: Value chains and trade facilitation enhancement to better include pastoralists in the livestock value chains and facilitate trade in the Horn of Africa.
ZEP-RE has been appointed by regional governments as the implementer of component 1.