Kenya Plans $1B Debt-for-Food Swap

Kenya announced plans for a debt-for-food swap of up to $1 billion, allowing the country to redirect part of its debt repayments toward food security programs. The government also intends to raise about KSh 370 billion from international markets to support its budget and development needs. Officials confirmed that Kenya is among the first African nations to pursue such an arrangement and is in ongoing talks with creditors.