Aga Khan Exits Nation Media Group After 66 Years as Tanzania’s Rostam Azizi Takes Control
AKFED will sell its 100 percent shareholding in NPRT Holdings Africa Limited—the investment vehicle that owns a 54.08 percent controlling stake in NMG. - Kenya breaking news | Kenya news today | Capitalfm.co.ke..
✨ Key Highlights
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.
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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.
