Foreign Investment Survey (FIS) 2013
Kenya, 2013
Kenya National Bureau of Statistics
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June 01, 2022
Last modified
June 01, 2022
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Identification
Survey ID Number
KEN-KNBS-FIS-2013-v.1.0
Title
Foreign Investment Survey (FIS) 2013
Country
| Name | Country code |
|---|---|
| Kenya | Ke |
Abstract
The opening up of economies has led to many forms of cross border activities among them private capital flows. These flows have significant effects on the economy. Therefore, accurate and timely information on the level and composition of private capital flows are important for appropriate response by policy makers. The recent global financial crisis and the economic turbulence in the Euro Area support the need for accurate and timely financial data.
The information sought is necessary for investment promotion, macroeconomic policy management and complying with international codes and standards of compilation, and reporting of Balance of Payments (BOP) and International Investments Position (IIP). The FDI relationship covers direct investment in subsidiaries, associates, and branches directly or indirectly owned by the foreign investor. The survey will also capture both foreign assets and liabilities of resident enterprises.
Despite the importance of information on capital flows, Kenya has conducted only one survey, in which data for the reference period 2007 and 2008 was collected. The FIS 2013 is intended to collect more information covering the reference periods 2009 through 2011.
In view of the recent global financial crisis and the economic turbulence in the Euro Zone Area, Kenya requires up to date information on the levels and stocks of foreign capital in order to make appropriate policy decisions to cushion the economy against the negative effects of such shocks. The need to build time series data will also be useful for policy planning and decision making to achieve Vision 2030 and other important targets.
There is also need to comply with international codes and standards as required by International Monetary Fund (IMF) and other international bodies for international comparisons.
International and national data show that private investment has become increasingly important to economic development. This reflects growing reliance on the private sector to promote Kenya's growth and development. Foreign private capital complements domestic savings, supports expansion of production and export capacity, assists transfer of technology, contributes to employment creation and helps in the development of links necessary for market access. With the liberalization of the economy, inward investments (inflows) into Kenya have increased. Inflows may be in the form of:
· Foreign Direct Investment (FDI): This is the most important inflow as it supplements domestic investment thereby spurring economic growth and employment.
· Medium and long-term loans and short-term debt. This is important in supplementing domestic savings for economic growth.
Portfolio investment. This is vital in Kenya due to growth of the stock market. Foreign portfolio investors boost long term investment and capital market development.
After removal of capital controls, Government's ability to monitor private investment through administrative records declined significantly. Alternative sources of data such as international transactions reporting system (ITRS) and investment desks have not been adequate in providing information on private capital flows. In line with international best practice, regular surveys on enterprises are the most effective means of collecting the requisite data to enhance monitoring of private capital flows.
The data collected in this survey will assist the Government to:
· Formulate appropriate macroeconomic policies to encourage private capital flows: Flows have significant economic impact. As inflows in Kenya increase, so do their potential impact on Kenya's economy. Therefore, as private investment increases, so does the need for Government to measure it, to better understand its source, scale, type, and hence economic effect. Better-informed policy reduces macroeconomic instability, and thus benefits investors in their medium to long term planning.
· Promote and facilitate investment, and assess investor confidence: Information on scale, source, type and sector and; investor perception helps Government agencies understand better who is investing in Kenya, problems faced by investors, and hence enable them to provide more effective assistance and support. Through dialogue, this promotes closer public-private co-operation to national and mutual advantage, to help projects yield long-term benefits.
· Comply with international standards in data monitoring and presentation: The Government needs this information for the compilation of Balance of Payments and International Investment Position in line with international standards. The information is also required by researchers and international institutions such as IMF and World Bank.
The specific objectives of the survey include:
a) To collect data necessary to improve the quality of BOP statistics and compilation of IIP statistics in accordance with international standards.
b) To collect data necessary for assessment of investors' perceptions of the investment climate in the country, with a view to identifying ways to improve it.
The information sought is necessary for investment promotion, macroeconomic policy management and complying with international codes and standards of compilation, and reporting of Balance of Payments (BOP) and International Investments Position (IIP). The FDI relationship covers direct investment in subsidiaries, associates, and branches directly or indirectly owned by the foreign investor. The survey will also capture both foreign assets and liabilities of resident enterprises.
Despite the importance of information on capital flows, Kenya has conducted only one survey, in which data for the reference period 2007 and 2008 was collected. The FIS 2013 is intended to collect more information covering the reference periods 2009 through 2011.
In view of the recent global financial crisis and the economic turbulence in the Euro Zone Area, Kenya requires up to date information on the levels and stocks of foreign capital in order to make appropriate policy decisions to cushion the economy against the negative effects of such shocks. The need to build time series data will also be useful for policy planning and decision making to achieve Vision 2030 and other important targets.
There is also need to comply with international codes and standards as required by International Monetary Fund (IMF) and other international bodies for international comparisons.
International and national data show that private investment has become increasingly important to economic development. This reflects growing reliance on the private sector to promote Kenya's growth and development. Foreign private capital complements domestic savings, supports expansion of production and export capacity, assists transfer of technology, contributes to employment creation and helps in the development of links necessary for market access. With the liberalization of the economy, inward investments (inflows) into Kenya have increased. Inflows may be in the form of:
· Foreign Direct Investment (FDI): This is the most important inflow as it supplements domestic investment thereby spurring economic growth and employment.
· Medium and long-term loans and short-term debt. This is important in supplementing domestic savings for economic growth.
Portfolio investment. This is vital in Kenya due to growth of the stock market. Foreign portfolio investors boost long term investment and capital market development.
After removal of capital controls, Government's ability to monitor private investment through administrative records declined significantly. Alternative sources of data such as international transactions reporting system (ITRS) and investment desks have not been adequate in providing information on private capital flows. In line with international best practice, regular surveys on enterprises are the most effective means of collecting the requisite data to enhance monitoring of private capital flows.
The data collected in this survey will assist the Government to:
· Formulate appropriate macroeconomic policies to encourage private capital flows: Flows have significant economic impact. As inflows in Kenya increase, so do their potential impact on Kenya's economy. Therefore, as private investment increases, so does the need for Government to measure it, to better understand its source, scale, type, and hence economic effect. Better-informed policy reduces macroeconomic instability, and thus benefits investors in their medium to long term planning.
· Promote and facilitate investment, and assess investor confidence: Information on scale, source, type and sector and; investor perception helps Government agencies understand better who is investing in Kenya, problems faced by investors, and hence enable them to provide more effective assistance and support. Through dialogue, this promotes closer public-private co-operation to national and mutual advantage, to help projects yield long-term benefits.
· Comply with international standards in data monitoring and presentation: The Government needs this information for the compilation of Balance of Payments and International Investment Position in line with international standards. The information is also required by researchers and international institutions such as IMF and World Bank.
The specific objectives of the survey include:
a) To collect data necessary to improve the quality of BOP statistics and compilation of IIP statistics in accordance with international standards.
b) To collect data necessary for assessment of investors' perceptions of the investment climate in the country, with a view to identifying ways to improve it.
Unit of Analysis
Resident enterprises in Kenya with foreign assets and liabilities.
Version
Version Description
Version 1.0
Coverage
Geographic Coverage
All resident enterprises in the country
Producers and sponsors
Primary investigators
| Name | Affiliation |
|---|---|
| Kenya National Bureau of Statistics | Ministry of Devolution and Planning |
Producers
| Name | Affiliation | Role |
|---|---|---|
| Kenya National Bureau of Statistics | Ministry of Devolution and Planning | Data collection, analysis and dissemination |
Funding Agency/Sponsor
| Name | Abbreviation |
|---|---|
| Kenya National Bureau of Statistics | KNBS |
| Central Bank of Kenya | CBK |
| Kenya Investment Authority | KenInvest |
Data Collection
Dates of Data Collection
| Start |
|---|
| 2013 |
Data Collection Mode
Face-to-face [f2f]
Access policy
Access authority
| Name | |
|---|---|
| Director General (Kenya National Bureau of Statistics) | DirectorGeneral@knbs.or.ke |
Contacts
| Name | |
|---|---|
| Director General | DirectorGeneral@knbs.or.ke |
Confidentiality
Data and other materials provided by KNBS shall not be redistributed or sold to other individuals, institutions, or organizations without written authority from the Director General.
Data shall be used for statistical purposes only and not for investigation of specific individuals or organizations or any other purpose.
No attempt shall be made to produce links among datasets provided by KNBS, or among data from the KNBS and other datasets with a view to identifying individuals or organizations.
Any books, articles, conference papers, theses, dissertations, reports, or other publications that employ data obtained from the KNBS Data Archive will cite the source of data.
Requests for micro-data shall be serviced upon completion of and submission of the Application Form for Microdata.
Access conditions
The following general cost-sharing principles will apply to the dissemination of data:
Open access data (Public use) - data posted in the KNBS website for download will be available at no charge.
Registered access (Licensed) data - data will be availed to sponsors as per agreement between the sponsor and KNBS.
A sponsor is any party who contributes directly either materially or financially towards a data production process.
Users requesting for specialized services are expected to negotiate and agree on a cost-recovery agreement with the Director General.
KNBS may levy fees on statistical information products depending on the type of product, effort expended and the dissemination medium.
Open access data (Public use) - data posted in the KNBS website for download will be available at no charge.
Registered access (Licensed) data - data will be availed to sponsors as per agreement between the sponsor and KNBS.
A sponsor is any party who contributes directly either materially or financially towards a data production process.
Users requesting for specialized services are expected to negotiate and agree on a cost-recovery agreement with the Director General.
KNBS may levy fees on statistical information products depending on the type of product, effort expended and the dissemination medium.
Citation requirements
The data users shall acknowledge that any available intellectual property rights, including copyright in the data are owned by the KNBS.
The data user or client is encouraged to provide KNBS with a copy of such report, paper or article.
The data user or client is encouraged to provide KNBS with a copy of such report, paper or article.
Disclaimer and copyrights
Disclaimer
In no event shall KNBS become liable to users of its data, or any other party, for any loss or damages, consequential or otherwise, including but not limited to time, money, or goodwill, arising from the use, operation or modification of the data. In using these data, users further agree to indemnify, defend, and hold harmless KNBS for any an all liability of any nature arising out of or resulting from the lack of accuracy or correctness of the data, or the use of the data.
Copyright
(c) 2013, Kenya National Bureau of Statistics
Metadata production
DDI Document ID
KEN-KNBS-FIS-2013-v.1.0