NMG shares jump 28.3pc after Rostam Azizi buyout
An analysis by Capital FM Business shows that NMG shares were trading at Sh13.25 at the close of trading on the Nairobi Securities Exchange before the takeover announcement. Kenya breaking news | Kenya news today |..
✨ Key Highlights
Shares of Nation Media Group (NMG) experienced a significant surge of 28.3 percent, reaching Sh17, following the acquisition of a majority stake by Tanzanian businessman Rostam Azizi.
- NMG shares jumped to Sh17, up from Sh13.25.
- The key individuals/entities involved are Rostam Azizi (through Taarifa Ltd) and the Aga Khan Fund for Economic Development.
- Azizi will acquire approximately 92.6 million ordinary shares, granting him controlling ownership of NMG.
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Facebook-owner buys 'social media network for AI' Moltbook - March 2026
Meta, the parent company of Facebook and Instagram, has acquired Moltbook, a social media networking platform designed for artificial intelligence bots to interact with each other. Separately, Meta's advisory board has urged the social media giant to enhance its oversight of fake AI-generated videos, citing concerns over the proliferation of such content. Meanwhile, shares of Nation Media Group experienced a significant surge of 28.3 percent, reaching Sh17, following the acquisition of a majority stake by Tanzanian businessman Rostam Azizi.
