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Kenya

KNBS, CBK partner to conduct 2020 Foreign Investment Survey

NAIROBI, Kenya, Oct 26-The Kenya National Bureau of Statistics has partnered with the Central Bank of Kenya to conduct the 2020 Foreign Investment Survey, which seeks to obtain transactional and stocks data of enterprise capital, trade, services, employment, and perception of the business environment.

KNBS through a post said the survey that kicked off in September is aimed at improving the quality and update national statistics on stocks and flows of foreign capital as well as international trade.

“The survey which started in September is the sixth in a series of foreign investment surveys conducted since 2010. FIS 2020 will run until November 2020,” reads KNBS statement.

Further, the objectives of Foreign Investment Surveys include, to collect comprehensive information on the stocks and flows of inward and outward foreign capital, to improve the quality of Foreign Direct Investment (FDI), Balance of Payments and International Investment Position Statistics, and to collect data and information on foreign investment relationships for compiling Foreign Affiliates Trade Statistics (FATS) and international trade in services statistics.

The data collected will be used in the compilation of Balance of Payments (BOP) and International Investment Position (IIP) statistics in line with recommendations of international statistics frameworks.

Additionally, it will be used for economic and investment policy formulation and decision making.

The data being sought is for 2017, 2018, and 2019.

The survey will be administered to statistically selected resident enterprises where the field survey personnel which include Research Assistants and their Supervisors have been deployed to provide guidance to enterprises in completing the FIS 2020 questionnaire.

Information provided by individual enterprises will be treated as confidential and used strictly for statistical purposes.

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Kenya National Bureau of Statistics, Central Bank of Kenya, and Kenya Investment Authority are jointly conducting Foreign Investment Survey 2020.

Other key stakeholders include Capital Markets Authority (CMA), Export Processing Zones Authority (EPZA), the Insurance Regulatory Authority (IRA), and Kenya Association Manufacturers (KAM).

The data is being collected under the Statistics Act, 2006 which empowers KNBS to collect and compile Balance of Payments Statistics and the position of Kenya’s external assets and liabilities, among other information/data.

Failure to comply with the Statistics Act, 2006 constitutes an offense and may result in to legal and administrative action.

 

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