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.