Nation Media Group Sold to Tanzanian Tycoon
The deal will see the Tanzanian billionaire become the majority shareholder of Nation Media Group, taking control of the 54.08 per cent stake previously held by the Aga Khan Fund for Economic Development...
✨ Key Highlights
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).
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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.
