US EditionKenya: Businessman Rostam Azizi Acquires Majority Stake in Nation Media Group As Aga Khan Exits After 66 Years
7 Articles
7 Articles
Kenya: Businessman Rostam Azizi Acquires Majority Stake in Nation Media Group As Aga Khan Exits After 66 Years
Nairobi -- The Aga Khan Fund for Economic Development (AKFED) has announced it will exit its 66-year investment in Nation Media Group (NMG), ending a long-standing partnership with one of East Africa's most influential media houses.
Nation Media Group Issues Caution on Proposed Ownership Change
Nation Media Group (NMG) has released a cautionary statement following notice of a proposed transaction that could reshape its ownership structure. The announcement comes ahead of a planned takeover by Tanzanian businessman Rostam Aziz. Details of the Transaction In a notice dated March 11, 2026, NMG confirmed it received an intention letter on March 10 [...] The post Nation Media Group Issues Caution on Proposed Ownership Change appeared first …
CNN’s LARRY MADOWO raises concerns as Tanzanian billionaire and RUTO’s friend, ROSTAM AZIZI, acquires Nation Media Group from the Aga Khan
Wednesday, March 11, 2026 - CNN international correspondent and Kenyan journalist, Larry Madowo, has voiced concern following Tanzanian businessman and former politician, Rostam Azizi’s acquisition of Nation Media Group (NMG).Azizi has bought out the Aga Khan’s entire 54.08% stake, making him the majority shareholder in what analysts describe as East Africa’s biggest media deal in decades.The value of the transaction has not been disclosed.Madow…
Aga Khan announces sale of shareholding in Nation Media Group
Geneva, Switzerland | AKDN MEDIA | The Aga Khan Fund for Economic Development S.A. (AKFED) announced March 10, 2026 that it has entered into an agreement to sell its 100 percent shareholding in NPRT Holdings Africa Limited (NPRT) to Taarifa Ltd. NPRT holds a 54.08 percent shareholding in Nation Media Group PLC (NMG), comprising 92,618,177 ordinary shares. The transaction marks the conclusion of AKFED’s 66-year association with NMG, which began i…
Prominent East African businessman, Rostam Aziz, has become one of the biggest investors in the media sector after becoming the majority shareholder of media company Nation Media Group (NMG). The move follows the decision of the Aga Khan Fund for Economic Development (AKFED) to sell all its shares in the company. According to a press release issued on Tuesday, March 10, 2026, AKFED has reached an agreement to sell its 100 percent ownership of NP…
Who Is Rostam Azizi, the Tanzanian Billionaire Set to Take Control of Nation Media Group?
Tanzanian billionaire businessman Rostam Abdulrasul Azizi is set to become the new majority shareholder of Nation Media Group (NMG) after agreeing to acquire the controlling stake of 54.08% previously held... The post Who Is Rostam Azizi, the Tanzanian Billionaire Set to Take Control of Nation Media Group? appeared first on CEO East Africa.
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