MOGADISHU - The Horn of Africa nation is only just beginning to emerge from the worst drought in four decades that left millions of people hungry across East Africa.
The drought pushed thousands of Somalis to the brink of famine and left pastoralists especially vulnerable to economic ruin.
It swallowed up their key livestock assets, forcing families to give up their way of life and migrate to urban centres.
But a recently launched World Bank-backed project, the Index-Based Livestock Insurance (IBLI), aims to protect the community against drought shocks by offering payouts when herders lose animals to climate disasters.
Participants receive compensation in exchange for a contribution that is proportionate to the size of their herd.
Around 40,000 Somalis who have registered for the scheme since August 2022, and has already received a $50 payout.