NAIROBI, Kenya Mar 10 – The Aga Khan Fund for Economic Development (AKFED) has announced it will exit its 66-year investment in Nation Media Group (NMG), ending a long-standing partnership with one of East Africa’s most influential media houses. The transaction gives Azizi majority ownership of Nation Media Group through the acquisition of 92,618,177 ordinary shares. Taifa Group Founder, Rostam Azizi, and Sultan Ali Allana, Director of the Aga Khan Fund for Economic Development (AKFED), sign transaction documents at Serena Hotel, Nairobi, on March 10, 2026. “We are honoured and deeply committed to becoming the majority shareholder of Nation Media Group. Despite exiting NMG ownership, AKFED said it will continue supporting journalism training through the Aga Khan University Graduate School of Media and Communications (GSMC), which offers programmes in digital journalism, media leadership, innovation and strategic communications.

Source: Daily Nation March 10, 2026 18:50 UTC