Aga Khan Fund Exits Nation Media After 66 Years as Tanzanian Tycoon Takes Control - March 2026

Tanzanian businessman Rostam Azizi, through Taarifa Ltd, has acquired a majority stake in Nation Media Group (NMG), marking the exit of the Aga Khan Fund for Economic Development (AKFED) after a 66-year investment. The Aga Khan Fund for Economic Development has sold its controlling stake in Nation Media Group, ending a 66-year association with the East African media company. This represents a major ownership transition for the prominent East African media giant, with Tanzanian capital now controlling one of Kenya's largest media houses.