Connect with us

Hi, what are you looking for?

Capital Business
Capital Business
www,capitalfm.co.ke
www,capitalfm.co.ke
Meanwhile, lending to the corporate sector slowed down in the quarter under review partly due to increased repayment of loans.

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.

Advertisement. Scroll to continue reading.

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.

 

Click to comment
Advertisement

More on Capital Business

Executive Lifestyle

NAIROBI, Kenya, Mar 12 – The country’s super wealthy individuals are increasing their holding of bonds, gold and cash, a new report by Knight...

Ask Kirubi

NAIROBI, Kenya, Mar 9 – Businessman and industrialist Dr. Chris Kirubi has urged members of the public to exercise extreme caution when making any...

Ask Kirubi

NAIROBI, Kenya, Mar 24 – Businessman and industrialist Dr. Chris Kirubi is set to own half of Centum Investment Company PLC, following a go-ahead...

Ask Kirubi

It is without a doubt that the COVID-19 pandemic has caught the whole world by surprise. Although its full impact is yet to be...

Headlines

NAIROBI, Kenya, Mar 18 – Commercial Banks have been ordered to provide relief to borrowers on their personal loans, with loans eligible from March...

Kenya

NAIROBI, Kenya, Jun17 – Kenya’s tea leaves manufacturer Kericho Gold, has been awarded the Superbrands Seal by Superbrands East Africa for their quality variety...

Coronavirus

NAIROBI, Kenya, Apr 13 – As the local telecommunications industry gears up to roll out 5G networks in the country, the Communications Authority of...

Coronavirus

NAIROBI, Kenya, Mar 22 – Airtel Kenya is offering free internet access for students in order to enable continued learning at home in the...