{"id":125934,"date":"2025-12-04T06:08:02","date_gmt":"2025-12-04T06:08:02","guid":{"rendered":"https:\/\/chezaspin.com\/blog\/dfc-approves-sh162bn-debt-for-food-security-swap-with-kenya\/"},"modified":"2025-12-04T06:08:02","modified_gmt":"2025-12-04T06:08:02","slug":"dfc-approves-sh162bn-debt-for-food-security-swap-with-kenya","status":"publish","type":"post","link":"https:\/\/chezaspin.com\/blog\/dfc-approves-sh162bn-debt-for-food-security-swap-with-kenya\/","title":{"rendered":"DFC approves Sh162bn debt-for-food-security swap with Kenya"},"content":{"rendered":"<p><strong>NAIROBI, Kenya Dec 4 \u2013 President William Ruto says the United States International Development Finance Corporation has agreed to proceed with a 162-billion-shilling debt-for-food-security swap.<\/strong><\/p>\n<p>Speaking after meeting DFC Chief Executive Officer Ben Black in Washington, Ruto explained that the move will significantly ease Kenya\u2019s repayment burden by replacing expensive existing loans with more affordable long-term financing.<\/p>\n<p>\u201cWe also appreciate DFC for agreeing to proceed with the $1 billion debt-for-food security swap to allow us to replace costly existing debt with lower-cost financing,\u201d the President said via his social media platform.<\/p>\n<p>The Head of State added that the DFC has also expressed strong interest in expanding its portfolio in Kenya across several critical sectors -including food security, infrastructure, energy, and ICT \u2013 aligning closely with the country\u2019s development agenda.<\/p>\n<p>\u201cWe also see room for joint work in infrastructure development, including the expansion of key roads, ports and the modernisation of Jomo Kenyatta International Airport. DFC is also keen to invest in our proposed National Infrastructure Fund, which will help accelerate strategic projects across the country,\u201d he said.<\/p>\n<p>The President announced that DFC agreed to send a representative to be based in Nairobi from January 2026.<\/p>\n<p>Ruto is in Washington, D.C., to witness the signing of the DRC\u2013Rwanda Peace Agreement at the invitation of U.S. President Donald Trump.<\/p>","protected":false},"excerpt":{"rendered":"<p>NAIROBI, Kenya Dec 4 \u2013 President William Ruto says the United States International Development Finance Corporation has agreed to proceed with a 162-billion-shilling debt-for-food-security swap. Speaking after meeting DFC Chief Executive Officer Ben Black in Washington, Ruto explained that the move will significantly ease Kenya\u2019s repayment burden by replacing expensive existing loans with more affordable [&hellip;]<\/p>\n","protected":false},"author":0,"featured_media":0,"comment_status":"open","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"jetpack_post_was_ever_published":false,"_jetpack_newsletter_access":"","_jetpack_dont_email_post_to_subs":false,"_jetpack_newsletter_tier_id":0,"footnotes":""},"categories":[1],"tags":[],"class_list":["post-125934","post","type-post","status-publish","format-standard","hentry","category-uncategorized","entry"],"jetpack_sharing_enabled":true,"jetpack_featured_media_url":"","jetpack-related-posts":[],"_links":{"self":[{"href":"https:\/\/chezaspin.com\/blog\/wp-json\/wp\/v2\/posts\/125934","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/chezaspin.com\/blog\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/chezaspin.com\/blog\/wp-json\/wp\/v2\/types\/post"}],"replies":[{"embeddable":true,"href":"https:\/\/chezaspin.com\/blog\/wp-json\/wp\/v2\/comments?post=125934"}],"version-history":[{"count":0,"href":"https:\/\/chezaspin.com\/blog\/wp-json\/wp\/v2\/posts\/125934\/revisions"}],"wp:attachment":[{"href":"https:\/\/chezaspin.com\/blog\/wp-json\/wp\/v2\/media?parent=125934"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/chezaspin.com\/blog\/wp-json\/wp\/v2\/categories?post=125934"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/chezaspin.com\/blog\/wp-json\/wp\/v2\/tags?post=125934"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}