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.

• AKFED is selling its 54.08 percent controlling stake in NMG.
• The acquisition was made by Taarifa Ltd, owned by Rostam Azizi, a prominent Tanzanian businessman.
• AKFED has been invested in NMG, one of East Africa's largest media houses, since 1959.

Tanzanian billionaire Rostam Azizi has become the majority shareholder of Nation Media Group (NMG), acquiring a significant stake that marks a major ownership transition for the East African media giant.

• Azizi now owns 54.08 percent of NMG.
• The deal was executed through one of Azizi's companies purchasing 100 percent of NPRT Holdings Africa Limited.
• This acquisition signals the end of a 66-year association between NMG and the Aga Khan Fund for Economic Development (AKFED).

The Aga Khan Fund for Economic Development (AKFED) has sold its controlling stake in Nation Media Group (NMG), ending a 66-year association with the East African media company.

• AKFED sold its 100 percent shareholding in NPRT Holdings Africa Limited, which holds a 54.08 percent stake in NMG.
• The buyer is Taarifa Ltd, a company owned by Tanzanian businessman Rostam Azizi.
• This transaction marks the conclusion of AKFED's involvement, which began in 1959.

The Aga Khan Fund for Economic Development (AKFED) is exiting its 66-year investment in Nation Media Group (NMG), selling its controlling stake to Tanzanian businessman Rostam Azizi.

• AKFED is selling its 54.08 percent controlling stake in NMG through its investment vehicle, NPRT Holdings Africa Limited.
• Tanzania-based Taarifa Ltd, owned by Rostam Azizi, will acquire the majority ownership.
• AKFED has been invested in NMG since its founding in 1959 by His Highness Prince Karim Aga Khan IV.