Economy
See: List of companies and organizations based in 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 largest 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, and cigarettes. Several foreign companies have factories based in and around the city. These include Goodyear, General Motors, Toyota Motors, and Coca Cola.
Nairobi has a large tourist industry, being both a tourist destination and a transport hub.
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Famous quotes containing the word economy:
“Quidquid luce fuit tenebris agit: but also the other way around. What we experience in dreams, so long as we experience it frequently, is in the end just as much a part of the total economy of our soul as anything we “really” experience: because of it we are richer or poorer, are sensitive to one need more or less, and are eventually guided a little by our dream-habits in broad daylight and even in the most cheerful moments occupying our waking spirit.”
—Friedrich Nietzsche (1844–1900)
“Unaware of the absurdity of it, we introduce our own petty household rules into the economy of the universe for which the life of generations, peoples, of entire planets, has no importance in relation to the general development.”
—Alexander Herzen (1812–1870)
“War. Fighting. Men ... every man in the whole realm is in the army.... Every man in uniform ... An economy entirely geared to war ... but there is not much war ... hardly any fighting ... yet every man a soldier from birth till death ... Men ... all men for fighting ... but no war, no wars to fight ... what is it, what does it mean?””
—Doris Lessing (b. 1919)