Kenya explores debt swaps to ease Sh12.8 trillion debt burden

The government is proposing a departure from traditional debt management approaches in a bid to ease the country's mounting debt burden. With The public debt now standing at KSh12.8 trillion, Treasury Cabinet Secretary John Mbadi is floating debt-for-food and debt-for-development swaps a model that would see creditors forgive part of Kenya's debt in exchange for investments in food production and critical infrastructure