Aga Khan Fund ends 66-year stake in Nation Media as Tanzanian firm takes over

Aga Khan Fund ends 66-year stake in Nation Media as Tanzanian firm takes over

Taarifa Ltd said it is committed to supporting the media house’s transition by investing in digital growth.

Rostam Azizi: Profile of Tanzanian billionaire set to acquire majority stake in Nation Media Group

Tanzanian billionaire Rostam Azizi, one of East Africa's wealthiest and influential business tycoons, is poised to acquire a majority stake in Nation Media Group.

Tanzanian Businessman Rostam Aziz Set to Become Top Shareholder in Nation Media Group

Tanzanian businessman and former politician Rostam Aziz is set to become the largest shareholder in Nation Media Group (NMG) following a planned exit by the Aga Khan Fund for Economic Development (AKFED), which has been the company’s main shareholder for decades. Tanzanian multi-billionaire businessman Rostam Aziz In a notice to shareholders, AKFED said it intends to transfer its stake in Nation Media Group through a reorganization involving NPR…

Aga Khan Sales Its 100% Nation Media Group Shares To Tanzania Business Tycoon, Quits!

By Spy Uganda Tanzanian businessman and former politician Rostam Azizi has become the new majority shareholder of Nation Media Group after acquiring the entire 54.08 (100%) percent stake previously held by the Aga Khan Fund for Economic Development (AKFED). The transaction, announced on Tuesday, marks the end of a historic 66-year ownership era in which…

Rostam Azizi buys Nation Media Group from Aga Khan

One of East Africa's most consequential media transactions just closed. The Aga Khan Fund for Economic Development has sold its controlling stake in Nation Media Group to Tanzanian billionaire Rostam Aziz, ending a relationship with the region's most influential media house that stretches back 66 years to the tail end of the colonial era.The deal was signed Tuesday at Serena Hotel in Nairobi, where Aziz and Sultan Ali Allana, director of the Aga…

Aga Khan Fund sells majority stake in Nation Media Group after 66 Years

The Aga Khan Fund for Economic Development (AKFED) has announced the sale of its 100% shareholding in NPRT Holdings Africa Limited, which holds 54.08% of Nation Media Group (NMG), to Taarifa Ltd.