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Originally published by Nation Businessbusiness
March 12, 2026
17h ago
NMG share gains 28.3pc in two days after stake sale news
The stock hit a two-year high of Sh17 per share on Thursday...
✨ Key Highlights
The share price of Nation Media Group (NMG) surged by 28.3 percent over two trading days following news of a significant stake sale.
- NMG's stock reached a two-year high of Sh17 per share, valuing the company at Sh3.24 billion.
- Mr. Azizi, through his company Taarifa Ltd, is acquiring a controlling 54.08 percent stake from the Aga Khan Fund for Economic Development S.A. (AKFED).
- Mr. Azizi, a media veteran with past experience in East African media, pledged to increase investment and uphold editorial standards, assuring continued listing on the Nairobi Securities Exchange (NSE).
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