Nairobi Securities Exchange Nairobi Securities Exchange The Nairobi Securities Exchange (NSE) was established in 1954 as the Nairobi Stock Exchange, based in Nairobi the capital of Kenya. It was a voluntary association of stockbrokers in the European community registered under the Societies Act in British Kenya. Dealing in shares and stocks started in the 1920s when it was the British colonial Kenya Colony (1920−1963), a part of the British Empire. A stock exchange was first floated in 1922 at the Exchange Bar in the Stanley Hotel in Nairobi. However, the market was not formal as there did not exist any rules and regulations
History of Nairobi plague and the subsequent burning down of the original town. By 1905, Nairobi was a humming commercial center and replaced Mombasa as capital of the British East Africa. The city expanded, supported by the growth in administrative functions and in tourism, initially in the form of British big game hunting. As the British colonialists explored the region, they began using Nairobi as their first stop. This prompted the colonial government to build several grand hotels in the city for British tourists and big game hunters. Nairobi continued to grow under British rule, and many Britons settled within the city's suburbs.