Kenya has secured a USD 1 billion (Ksh129 billion) debt-for-food swap deal with the United States to boost food security and reduce its debt burden. This agreement was reached after President William Ruto met with CEO Ben Black of the U.S. International Development Finance Corporation (DFC) in Washington, D.C.

• The DFC will acquire a portion of Kenya’s high-interest commercial debt, allowing repayment under more favorable, lower-interest conditions.
• Savings from reduced interest payments will be channeled into critical food security initiatives, including agricultural infrastructure and climate-smart farming.
• President Ruto stated, “This is a smart and sustainable approach,” and welcomed the DFC’s willingness to expand its engagement with Kenya.
• Additionally, the DFC is interested in supporting Kenya’s proposed National Infrastructure Fund and upgrades to roads, ports, and the Jomo Kenyatta International Airport.
• A DFC representative will be stationed in Nairobi starting January 2026 to enhance collaboration.