The Aga Khan Fund for Economic Development (AKFED) is selling its 54.08% controlling stake in Nation Media Group (NMG), East Africa’s largest media conglomerate, to a company called Taarifa Ltd., owned by Rostam Azizi, a Tanzanian businessman. “AKFED is proud of its contribution to building one of Africa’s most respected media institutions,” said AKFED Director Sultan Allana. A decade ago, Aga Khan IV inaugurated a USD 20 million printing press, the largest media investment in the history of East and Central Africa at the time. Aga Khan says it will maintain the Aga Khan University’s Graduate School of Media & Communications. Rostam Azizi: The Media Mogul Taking Control of NMG’s FutureAccording to Forbes, Rostam Abdulrasul Azizi became the first Tanzanian dollar billionaire in 2013.

Source: Daily Nation March 10, 2026 16:46 UTC