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).