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The Club was founded in 1901 by Boustead & Ridley who had been businessmen in Zanzibar. After two years, the proprietors asked to be relieved of the ownership as the membership was too small to sustain itself. The acquisition started and members bought furniture including two billiards tables and they continued to occupy the building on lease. So, from an early stage, Nairobi Club has belonged to its Members under Trusteeship. It was not until 1958 that a successful move was made for the Members to acquire it. Previous moves had foundered on lack of finance. In 1964, final payment was made after the owners reduced the outstanding amount to a nominal 1,000 Sterling Pound. By 1967, Membership was 3,229, of which 1,882 were Full Members. It remained fairly constant around the 3,000 mark although there was a drop to 2,810 in 1974. A high point was reached in 1980 with 4,116 Members. Since then, numbers have gradually declined; a much larger entrance fee and higher subscriptions probably accounting for this. Membership by mid- 2000 was 2,247 of which 1,533 were Full Members. The Club continues to upgrade its facilities and currently, the expansion of the gym is underway. Another notable development at the Club is that since May 2005, the club has allowed ladies to join as Members in their own right. They can then nominate their spouses. This has enhanced the number of ladies joining the Club.
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