Meta, the parent company of Facebook and Instagram, has acquired Moltbook, a social media networking platform designed for artificial intelligence (AI) bots to interact with each other.

• Moltbook allows AI-powered programs to hold conversations, sparking both interest and ethical concerns.
• The Moltbook team will join Meta's Superintelligence Labs to enhance AI capabilities for users and businesses.
• This acquisition aligns with Meta's increased investment in AI projects, including the prior purchase of AI firm Manus.

Tanzanian businessman Rostam Azizi has acquired a majority stake in Nation Media Group (NMG), a leading East African media conglomerate, following the exit of the Aga Khan Fund for Economic Development (AKFED) after a 66-year investment.

• Azizi, through his firm Taarifa Ltd, will acquire 92.6 million ordinary shares, representing a controlling stake in NMG.
• Key players include AKFED, exiting its 54.08% stake, and Rostam Azizi, the incoming majority shareholder.
• NMG, founded in 1959, operates over 30 brands across Kenya, Uganda, and Tanzania, reaching over 62 million digital users.

Meta's advisory board has urged the social media giant to enhance its oversight of fake artificial intelligence (AI)-generated videos, citing concerns over the "proliferation" of such content.

• The 21-person Oversight Board critiqued Meta for failing to label an AI-generated video depicting fictional damage in Haifa, Israel, by Iranian forces.
• The board warned that the rise of fake AI videos in global conflicts "risks a general distrust of all information."
• Meta, which currently relies heavily on user self-disclosure or complaints, agreed to label the specific video within seven days.

Shares of Nation Media Group (NMG) experienced a significant surge of 28.3 percent, reaching Sh17, following the acquisition of a majority stake by Tanzanian businessman Rostam Azizi.

• NMG shares jumped to Sh17, up from Sh13.25.
• The key individuals/entities involved are Rostam Azizi (through Taarifa Ltd) and the Aga Khan Fund for Economic Development.
• Azizi will acquire approximately 92.6 million ordinary shares, granting him controlling ownership of NMG.