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.