Audio By VocalizeTaifa Group Founder, Rostam Azizi, and Sultan Ali Allana, Director of the Aga Khan Fund sign transaction documents in Nairobi. The Aga Khan Fund for Economic Development (AKFED) has announced the sale of its controlling stake in Nation Media Group (NMG), bringing to an end a 66-year relationship with the region’s largest independent media house. "NPRT Holdings Africa Limited holds a 54.08 percent stake in Nation Media Group PLC, equivalent to 92,618,177 ordinary shares," the statement read in part. AKFED said the transaction marks the conclusion of its long-standing association with the media group, which began in 1959 when the Aga Khan backed the creation of an independent press during the colonial period. Nation Media Group was also among the first media companies in Africa to list on a securities exchange, with its shares trading on the Nairobi Stock Exchange since 1973.

Source: Standard Digital March 10, 2026 16:51 UTC