Businessman Rostam Azizi Acquires Majority Stake in Nation Media Group - 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 sold its controlling stake, ending a 66-year association with the East African media company. This represents a major ownership transition for the East African media giant.