Nairobi was founded in 1899 by the colonial authorities in British East Africa, as a rail depot on the Uganda Railway. The town quickly grew to replace Machakos as the capital of Kenya in 1907. After independence in 1963, Nairobi became the capital of the Republic of Kenya. During Kenya's colonial period, the city became a centre for the colony's coffee, tea and sisal industry. The city lies on the River Athi in the southern part of the country, and has an elevation of 1,795 metres (5,889 ft) above sea level.
With a population of 3.36 million in 2011, Nairobi is the second-largest city by population in the African Great Lakes region after Dar es Salaam, Tanzania. According to the 2009 census, in the administrative area of Nairobi, 3,138,295 inhabitants lived within 696 km2 (269 sq mi). Nairobi is the 10th-largest city in Africa, including the population of its suburbs.Home to thousands of Kenyan businesses and over 100 major international companies and organisations, including the United Nations Environment Programme (UN Environment) and the United Nations Office at Nairobi (UNON), Nairobi is an established hub for business and culture. The Nairobi Securities Exchange (NSE) is one of the largest in Africa and the second-oldest exchange on the continent. It is Africa's fourth-largest exchange in terms of trading volume, capable of making 10 million trades a day.
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