K
Originally published by Kenyans
📰 Read Full Article
top
March 12, 2026
2h ago

NMG Issues Notice to Shareholders Ahead of Majority Stake Sale

NMG Issues Notice to Shareholders Ahead of Majority Stake Sale

This historic buy-out by a Tanzanian tycoon raises issues of media freedom. Tanzania doesn’t have a great history of media freedom...

✨ Key Highlights

Nation Media Group (NMG) has confirmed a significant ownership change following a notice from Taarifa Ltd to acquire a majority stake. The transaction involves the purchase of NPRT Holdings Africa Limited, the current principal shareholder.

  • NPRT Holdings Africa Limited, a subsidiary of AKFED, holds 54.08% of NMG's total issued shares.
  • Taarifa Ltd, an investment vehicle owned by Tanzanian billionaire Rostam Azizi, intends to acquire 100% of NPRT.
  • The notice was served on March 10, 2026, and completion is subject to regulatory approvals.

Continue Reading

Read the complete article from Kenyans

📰 Read Full Article
Advertisement
Advertisement