East Africa\u2019s biggest media company changes hands, with digital growth on the horizon. <\/p>\n
In a landmark move, the Aga Khan Fund for Economic Development (AKFED) has agreed to sell its entire stake in Nation Media Group (NMG) to Taarifa Ltd, owned by Tanzanian businessman Rostam Azizi. This sale ends AKFED\u2019s 66-year involvement with the East African media giant.<\/p>\n
The deal involves AKFED\u2019s 100% ownership of NPRT Holdings Africa Limited, which controls 54.08% of NMG. Once completed, expected in three to four months pending regulatory approvals, Taarifa Ltd will hold majority control of NMG.<\/p>\n
A Tanzanian billionaire, Azizi has major investments across media, telecoms, mining, real estate, and energy. He has promised to strengthen NMG\u2019s digital platforms while maintaining its journalistic independence.<\/p>\n
NMG will continue publishing newspapers, running TV and radio stations, and trading shares on stock exchanges in Kenya, Uganda, Tanzania, and Rwanda.<\/p>\n
AKFED helped build NMG into East Africa\u2019s most influential media group since 1959, fostering independent journalism and shaping the region\u2019s news landscape. This sale signals a new era under private East African ownership, with an eye on digital expansion and modernization.<\/p>\n","protected":false},"excerpt":{"rendered":"
Rostam Azizi\u2019s Taarifa Ltd Takes Majority Control After 66 Years<\/p>\n","protected":false},"author":2,"featured_media":818,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[2],"tags":[523,231,86,522,524,244],"class_list":["post-817","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-business","tag-akfed","tag-eastafrica","tag-investment","tag-media","tag-taarifaltd","tag-tanzania"],"yoast_head":"\n