The Aga Khan Fund for Economic Development (AKFED) has announced plans to sell its entire shareholding in Nation Media Group (NMG), ending a 66-year association with one of East and Central Africa’s largest media houses. According to the statement, the media group now reaches more than 62 million digital users and employs over 1,000 professionals across the region. During that period, he initiated the establishment of the Mwananchi, The Citizen and Mwanaspoti newspapers, which were later acquired by Nation Media Group. “We are honoured and deeply committed to becoming the majority shareholder of Nation Media Group,” Azizi said. AKFED said the planned sale marks the close of its direct ownership role in Nation Media Group while maintaining its broader commitment to advancing journalism and media education in the region.

Source: Daily Nation March 10, 2026 18:55 UTC