The Aga Khan Fund for Economic Development (AKFED) has sold its controlling stake in Nation Media Group (NMG), ending a historic 66-year partnership that shaped independent journalism across Kenya, Uganda, Tanzania, and Rwanda.
The deal, finalized on March 10, 2026, at Nairobi’s Serena Hotel, sees AKFED divest its 100% ownership in NPRT Holdings Africa Limited — the vehicle controlling 54.08% of NMG (equivalent to 92,618,177 ordinary shares) — to Taarifa Ltd, a company fully owned by prominent Tanzanian billionaire and businessman Rostam Azizi.
…CONTINUE READING
