The Foreign Investment Survey (FIS) 2015, which is the third in a series of Foreign Investment Surveys jointly conducted by the Kenya National Bureau of Statistics (KNBS), Central Bank of Kenya (CBK) and Kenya Investment Authority (KenInvest) acknowledges that the private sector is steering the country investment climate, helping to boost its economic outlook.
Kenya has a vibrant private sector that continues to play a prominent role as a source of funds for investment and foreign exchange for the economy. This is on a background of macroeconomic stability, well-functioning financial market, improving technological infrastructure and sustained economic growth.
The report states that Private Sector External Debt (PSED) stock increased by 27.8 per cent to sh364,631 million in 2013 and was predominantly in Other Investment, in particular, long-term loans accounting for 75.0 per cent.
PSED stock under Other Investment was held mainly in financial and insurance; transport and storage; and electricity and gas sector jointly accounting for 87.6 per cent in 2013.
The largest share of external debt stock was from the International Financial organizations and United Kingdom in 2012 and 2013. Inflows of external debt in 2013 increased by 10.4 per cent to sh186, 456 million while the outflows increased by 20.9 per cent to sh107,498 million
Availability of accurate and timely foreign investment data is essential for understanding the type, size and direction of these investments in the economy and thus useful in informing policy formulation.