| Table of contents |
TABLE OF CONTENTS
ACKNOWLEDGEMENTS ii
ACRONYMS iii
EXECUTIVE SUMMARY iv
TABLE OF CONTENTS vii
List of Tables ix
List of Figures xi
CHAPTER1: INTRODUCTION 1
1.1 Background 1
1.2 Justification for the Survey 1
1.3 Objectives of the Survey 2
1.4 Legislative, Regulatory and Institutional Framework 2
CHAPTER 2: SURVEY METHODS AND TECHNIQUES 3
2.1 Survey Implementation Overview 3
2.2 Sample Selection 3
2.3 Survey Instruments 3
2.4 Field Activities 4
2.5 Challenges of the Study 5
CHAPTER 3: SURVEY FINDINGS ON FOREIGN ASSETS AND LIABILITIES 6
3.1 Kenya's Foreign Liabilities 6
3.2 Kenya's Investments Abroad 35
3.3 Returns on Equity 40
3.4 International Investment Position (IIP) Statement 41
3.5 A Comparison of BOP Financial Account data with the FIS2010 45
3.6 Employment 47
3.7 Turnover 50
CHAPTER 4: INVESTOR PERCEPTIONS (IP) FINDINGS 51
4.1 Economic and Financial Factors 51
4.2 Efficiency and Cost of Support Services 55
4.3 Labour, Environmental and Health Factors 59
4.4 Business, Regulatory and Other Bodies 61
4.5 Direction of Enterprise Investment in Kenya 64
CONCLUSION AND RECOMMENDATIONS 66
APPENDICES 66
Glossary of Key Terms and Concepts 66
REFERENCE 90
List of Tables
Table 3.1: Response Rate 6
Table 3.2: Stock of External Liabilities, 2007-2008 7
Table 3.3: Flows of External Liabilities, 2007 - 2008 9
Table 3.4: Stock External Liabilities by Economic Bloc, 2007-2008 10
Table 3.5: Flows of External Liabilities by Economic Bloc, 2007-2008 12
Table 3.6: Stock of External Liabilities by Source Country, 2007-2008 13
Table 3.7: Flows of External Liabilities by Country 2007-2008 14
Table 3.8: Stock of FDI by Economic Bloc, 2007-2008 15
Table 3.9: Flows of FDI Liabilities in Kenya by Economic Bloc, 2007-2008 16
Table 3.10: Stock of FDI Liabilities by Country, 2007-2008 19
Table 3.11: Flows of FDI Liabilities by Source Country, 2007-2008 20
Table 3.12: Stock of Portfolio Investment Liabilities by Economic Bloc, 2007-2008 21
Table 3.13: Flow of Portfolio Investment Liabilities by Economic Bloc, 2007-2008 22
Table 3.14: Stock of Portfolio Investment by Country, 2007-2008 23
Table 3.15: Stock of Other Investment Liabilities by Economic Blocs, 2007-2008 24
Table 3.16: Flows of Other Investment Liabilities by Economic Bloc, 2007-2008 26
Table 3.17: Stock of Other Investment Liabilities by Country, 2007-2008 28
Table 3.18: Flows of Other Investment Liabilities by Country, 2007-2008 29
Table 3.19 a: Stock and Flow of FDI by Industrial Classification of Activities 30
Table 3.19b: Shares of FDI Stocks and Flows by Industrial Classification of Activities 31
Table 3.20: Private Sector External Debt Stocks, 2007-2008 32
Table 3.21: Private Sector External Debt (PSED) Flows, 2007-2008 34
Table 3.22: Stock of External Assets in KSh Million, 2007-2008 35
Table 3.23: Flows of External Assets, 2007-2008 Error! Bookmark not defined.
Table 3.24: Stock of External Assets (FDI) by Country, 2007-2008 Error! Bookmark not defined.
Table 3.25: Stock of External Assets (OI) by Country, 2007-2008 Error! Bookmark not defined.
Table 3.26: Return on Equity 40
Table 3.27: Employment Level by Skill Category, Nationality, Gender and Wage 48
List of Figures
Figure 3.1: Percentage Composition of External Liabilities Stock 7
Figure 3.2: Percentage Share of Foreign Liabilities stock by Economic Bloc 10
Figure 3.3: Percentage Share of FDI stock by Economic Bloc 15
Figure 3.4: Percentage Share of FDI Inflows by Economic Bloc 17
Figure 3.5: Percentage Share of FDI Outflows by Economic Bloc 17
Figure 3.6: Percentage Share of Stock of Other Investment Liabilities by Economic Bloc 24
Figure 3.7: Percentage Share of Other Investment Liabilities Inflows by Economic Bloc 26
Figure 3.8: Percentage Share of Other Investment Liabilities Outflows by Economic Bloc 27
Figure 3.9: Stock of Short Term Loans in 2007 33
Figure 3.10: Stock of Short Term Loans in 2008 33
Figure 3.11: Disbursement of Short Term Loans in 2008 34
Figure 3.12: Composition of Stock of Foreign Assets, 2007 and 2008 Error! Bookmark not defined.
Figure 3.13: Composition of the Outgoing Investments, 2007 and 2008 Error! Bookmark not defined.
Figure 3.14: Stock of External Assets (FDI) by Economic Bloc, 2007 and 2008 Error! Bookmark not defined.
Figure 3.15: Stock of External Assets (OI) by Economic Bloc, 2007 and 2008 Error! Bookmark not defined.
Figure 3.16: Employment Level by Skill Category, 2007 and 2008 48
Figure 3.17: Employment Level by Nationality, 2008 49
Figure 3.18: Employment Level by Gender, 2008 49
Figure 4.1: Effect of Business Environment on Business Activities (per cent) 52
Figure 4.2: Effect of Trade Policy on Investment Decision (per cent) 52
Figure 4.3: Effect of Fiscal Policy on Investment Decision (per cent) 53
Figure 4.4: Effect of Monetary Policy on Business Activities (per cent) 54
Figure 4.5: Effect of Project Financing on Investment Decision (per cent) 55
Figure 4.6: Effect of Cost and Efficiency of Water and Electricity Supply on Investment (per cent) 56
Figure 4.7: Effect of Cost and Efficiency of Transport on Investment (per cent) 56
Figure 4.8: Effect of Telecommunication Services (per cent) 57
Figure 4.9: Effect of Tax Administration on Investment (per cent) 57
Figure 4.10: Effect of Financial Services on Business Activities (per cent) 58
Figure 4.11: Cost and Efficiency of Public Services Effect on Investment (per cent) 59
Figure 4.12: Other Services Effect on Investment 59
Figure 4.13: Effects of Labour Factors on Investment (per cent) 60
Figure 4.14: Effect of Environmental and Health Factors on Business Decision (per cent) 61
Figure 4.15: Effects of Regulatory Bodies on Investment Decisions (per cent) 62
Figure 4.16: Effect on Investment Decision (per cent) 63
Figure 4.17: Others Bodies and their Impact on Investment Decisions (per cent) 64
Figure 4.18: Direction of Enterprise Investment in Kenya in the Next Three Years 65 |
