Nairobi to Pumwani Division in terms of boundaries. Nairobi is divided into seventeen constituencies and eighty five wards, mostly named after residential estates. Kibera Division, for example, includes Kibera (Kenya's largest slum) as well as affluent estates of Karen and Langata. Nairobi is home to the Nairobi Securities 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 largest in terms of Market Capitalization as a percentage of GDP. Nairobi is the regional headquarters of
Nairobi domestic users to industries in five cities, with the highest incidence of bribery in Nairobi. There is wide variety regarding standards of living in Nairobi. Most wealthy Kenyans live in Nairobi, but the majority of Nairobians are average and poor. Half of the population have been estimated to live in slums which cover just 5% of the city area. The growth of these slums is a result of urbanisation, poor town planning, and the unavailability of loans for low income earners. Kibera is one of the largest slums in Africa, and is situated to the west of Nairobi. (Kibera comes