Aga Khan Fund ends 66-year stake in Nation Media as Tanzanian firm takes over
Taarifa Ltd said it is committed to supporting the media house’s transition by investing in digital growth...
✨ Key Highlights
The Aga Khan Fund for Economic Development (AKFED) has sold its controlling stake in Nation Media Group (NMG), ending a 66-year association with the East African media company.
- AKFED sold its 100 percent shareholding in NPRT Holdings Africa Limited, which holds a 54.08 percent stake in NMG.
- The buyer is Taarifa Ltd, a company owned by Tanzanian businessman Rostam Azizi.
- This transaction marks the conclusion of AKFED's involvement, which began in 1959.
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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.
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