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About Nairobi

  • Nairobi is home to the Nairobi Stock Exchange (NSE), one of Africa's largest. The NSE was officially recognised as an overseas stock exchange by the London Stock Exchange in 1953. The exchange is Africa's 4th largest (in terms of trading volumes) and 5th (in terms of Market Capitalisation as a percentage of GDP).
  • Nairobi is the regional headquarters of several international companies and organizations. In 2007, General Electric, Young & Rubicam, Google, Coca-Cola, Airtel and Cisco Systems relocated their African headquarters to the city. The United Nations Office at Nairobi hosts UNEP and UN-Habitat headquarters.
  • Several of Africa's largest companies are headquartered in Nairobi. KenGen, which is the largest African stock outside South Africa, is based in the city. Kenya Airways, Africa's fourth largest airline, uses Nairobi's Jomo Kenyatta International Airport as a hub.
  • Goods manufactured in Nairobi include clothing, textiles, building materials, processed foods, beverages, cigarettes. Several foreign companies have factories based in and around the city. These include Goodyear, General Motors, Toyota Motors, and Coca Cola.
  • Matatus are the most common form of public transport in Nairobi. Matatus, which technically means, "thirty cents for a ride" (nowadays much more) are privately owned minibuses, and the most popular form of local transport, and generally seat fourteen to twenty-four. Matatus ama(or) mathree operate within Nairobi and from Nairobi to other towns. The matatu's destination is imprinted on the side of the bus, and matatus plying specific routes have specific route numbers. Matatus were easily distinguishable by their extravagant paint schemes, as owners would paint their matatu with various colorful decorations, such as their favourite football team or hip hop artist. More recently, some have even painted Barack Obama's face on their vehicle. They are notorious for their poor safety records, which are a result of overcrowding and reckless driving. Matatu drivers are pressured to make as many round trips as possible to maximize profits for their operator. Due to the intense competition between matutus, many are equipped with powerful sound systems and television screens in order to attract more customers.
  • However, in 2004, a law was passed requiring all matatus to include seat belts and speed governors and to be painted with a yellow stripe. At first, this caused a furore amongst Matatu operators, but they were pressured by government and the public to make the changes. Matatus are now limited to 80 kilometres per hour (50 mph). In December 2010, the Government embarked on a policy to phase out matatus as a means of public transport. Consequently no new matatus are licensed to operate from January 2011 while the current ones will be allowed to live out their lifespan.
  • Nairobi is home to most of Kenya's news and media organisations. The city is also home to East Africa's largest newspapers: the Daily Nation and The Standard. These are circulated within Kenya and cover a range of domestic and regional issues. Both newspapers are published in English.
  • Kenya Broadcasting Corporation is a state-run television and radio station, is headquartered in the city. Kenya Television Network is part of the Standard Group and was Kenya's first privately owned TV station. The Nation Media Group runs NTV which is based in Nairobi. East Africa Television Channel 5 is 24 hour music channel based in Dar es Salaam Tanzania and broadcasts in Uganda, Tanzania and Kenya. There are also a number of prominent radio stations located in Kenya's capital including KISS 100, Capital FM, East FM, Kameme FM, Metro FM and Family FM among others.
  • Several multinational media organisations have their regional headquarters in Nairobi. These include the BBC, CNN, Agence France-Presse, Reuters, Deutsche Welle and the Associated Press. The East African bureau of CNBC Africa is located in Nairobi's city centre, while the Nairobi bureau of the New York Times is located in the suburb of Gigiri.
  • Nairobi has many parks and open spaces throughout the city. Much of the city has dense tree-cover and plenty of green spaces. The most famous park in Nairobi is Uhuru Park. The park borders the central business district and the neighbourhood Upper Hill. Uhuru (Freedom in Swahili language) Park is a centre for outdoor speeches, services and rallies. The park was to be built-over by former President Daniel arap Moi, who wanted the 62-storey headquarters of his party, the Kenya African National Union, situated in the park. However, the park was saved following a campaign by Nobel Peace Prize winner Wangari Maathai.
  • Central Park is adjacent to Uhuru Park, and includes a memorial for Jomo Kenyatta, the first president of Kenya. Other notable open spaces include Jeevanjee Gardens, City Park, Nairobi Bomb Blast Memorial Park and Nairobi Arboretum.
  • Today, many businesses are considering relocating and /or establishing their headquarters outside the Central Business District area. This is because land is cheaper, and better facilities can easily be built and maintained elsewhere. Two areas that are seeing a growth in companies and office space are Upper Hill, which is located, approximately 4 km (2.5 mi) from the Central Business District and Westlands, which is also about the same distance, away from the city centre.
  • Companies that have moved from the Central Business District to Upper Hill include Citibank and in 2007, Coca-Cola began construction of their East and Central African headquarters in Upper Hill, cementing the district as the preferred location for office space in Nairobi. The largest office development in this area is the Rahimtulla Tower, which is primarily occupied by British firm PriceWaterhouseCoopers. World Bank is also located in Upper Hill at Hill Park Building. Earlier on, they were located in View Park towers in the Central Business District. The International Finance Corporation - part of the World Bank Group focused on private sector development - is also located in Upper Hill at the CBA building.
  • To accommodate the large demand for floorspace in Nairobi, various commercial projects are being constructed. New business parks are being built in the city, including the flagship Nairobi Business Park. Nairobi is currently being considered by a company from the Middle East interested in building a high-rise headquarters in Africa.
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