Nation Media Group (NMG) is set to undergo a historic ownership transition after Tanzanian businessman and former politician Rostam Azizi acquired the 54.08 percent stake of the media company. Effectively, Azizi becomes the majority shareholder of the media giant, taking over from a position previously held by the Aga Khan Fund for Economic Development (AKFED). Tanzanian billionaire Rostam Azizi Photo Business DailyWhile the financial particulars of the deal have not been disclosed, the transaction solidified Azizi's position as the majority shareholder of the company. Since then, Nation Media Group has grown into a powerful multi-platform media conglomerate which operates more than 30 brands across East Africa, including. “We are honoured and deeply committed to becoming the majority shareholder of Nation Media Group,” said Mr. Azizi.

Source: Daily Nation March 10, 2026 16:47 UTC