Rostam Aziz and NMG: Billionaire Takes Control of East Africa's Largest Media House

Rostam Aziz and NMG: Billionaire takes control of East Africa's largest media house

Rostam Aziz's purchase raises questions about continued journalistic independence in the region.

Tanzanian tycoon buys East Africa’s biggest media company

The NewsThe sale of Nairobi-based Nation Media Group, East Africa’s largest media house, to Tanzanian business magnate Rostam Azizi has raised concerns about potential political interference with the region’s most influential news outlets.The Aga Khan Fund for Economic Development this week sold its majority stake in Nation Media to Azizi’s Taarifa Group, ending the Aga Khan IV family’s 66-year stewardship and marking Kenya’s most significant me…

NMG new majority owner pledges to uphold journalistic standards

AKFED holds the NMG stake through an investment vehicle known as NPRT Holdings Africa Limited, which will now be transferred to Taifa Group’s wholly-owned affiliate, Taarifa Ltd.

Fears for press freedom as billionaire takes control of East Africa’s largest media house

After the acquisition this week of East Africa’s biggest media outfit by a politically well connected billionaire businessman, questions are being asked about the future of independent journalism in the region. Every day millions of people in Kenya, Tanzania, Uganda and Rwanda turn to one of the dozens of newspapers, TV and radio stations or digital outlets owned by the Nation Media Group (NMG) for reliable news. In countries where journalists h…

Kenya: NMG share gains 28.3% in two days after stake sale news

Investors have moved a total of 298,887 shares of the company over the past two days, valued at Ksh4.84 million ($37,433)

NMG new majority owner Rostam Azizi pledges to uphold journalistic standards

Nation Media Group’s new majority owner, businessman Rostam Azizi, has pledged to uphold the journalistic standards and editorial traditions that have built the legacy of public trust for one of Africa’s biggest media houses since its founding 66 years ago. The Tanzanian businessman, through his company Taarifa Ltd, is acquiring a controlling 54.08 percent stake […]