Tanzanian Tycoon Acquires Majority Stake in Nation Media Group

Tanzanian Tycoon Acquires Majority Stake in Nation Media Group

Nairobi -- The Aga Khan Fund for Economic Development (AKFED) will exit its 66-year investment in Nation Media Group (NMG) after agreeing to sell its controlling stake to Tanzanian businessman Rostam Azizi.

Aga Khan Fund ends 66-year stake in Nation Media as Tanzanian firm takes over

Taarifa Ltd said it is committed to supporting the media house’s transition by investing in digital growth.

Aga Khan Fund sells majority stake in NMG, ending 66-year ownership

The Aga Khan Fund for Economic Development (AKFED) has announced the sale of its controlling stake in Nation Media Group (NMG), marking the end of a 66-year relationship with one of East Africa’s most influential media houses. The development follows an agreement in which AKFED sold its entire shareholding in NPRT Holdings Africa Limited to

Azizi Rostam: Meet Tanzanian Billionaire Who Acquired Controlling Stake In Nation Media Group After Aga Khan Exit » Business Focus

Tanzanian businessman, Azizi Rostam The Aga Khan Fund for Economic Development (AKFED) has reached an agreement to sell 100% shares in the Nation Media Group to Tanzanian businessman, Azizi Rostam. For more than six decades, the Aga Khan Fund for Economic Development (AKFED), part of the Aga Khan Development Network (AKDN), has been the majority shareholder of Nation Media Group and has played a defining role in building one of East and Central …

Aga Khan sells Nation Media Group stake to Tanzania’s Rostam Azizi

In a landmark move for the East African media landscape, the Aga Khan Fund for Economic Development (AKFED) has announced the sale of its majority stake in Nation Media Group (NMG), effectively ending a storied 66-year partnership. The transaction sees AKFED selling its 100% shareholding in NPRT Holdings Africa Limited, the entity that controls 54.08% […] The post Aga Khan sells Nation Media Group stake to Tanzania’s Rostam Azizi appeared first …

Aga Khan announces sale of Nation Media Group shares

The Aga Khan Fund for Economic Development S.A. (AKFED) has entered into an agreement to sell its shareholding in the Nation Media Group PLC (NMG) to Taarifa Ltd, a company owned by Tanzanian businessman Rostam Azizi. Mr Azizi has vast business interests across multiple sectors, including media, mining, telecommunications, agriculture, real estate, port facilities, energy, […]