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March 10, 2026
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Businessman Rostam Azizi acquires majority stake in Nation Media Group as Aga Khan exits after 66 years

Businessman Rostam Azizi acquires majority stake in Nation Media Group as Aga Khan exits after 66 years

The transaction gives Azizi majority ownership of Nation Media Group through the acquisition of 92,618,177 ordinary shares. NMG shares will, however, continue trading on the Nairobi Securities Exchange and other cross-listed platforms. - Kenya breaking news | Kenya news today | C..

✨ Key Highlights

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.

  • AKFED is selling its 54.08 percent controlling stake in NMG.
  • The acquisition was made by Taarifa Ltd, owned by Rostam Azizi, a prominent Tanzanian businessman.
  • AKFED has been invested in NMG, one of East Africa's largest media houses, since 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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