Aga Khan Fund sells majority stake in Nation Media Group
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. Photo: Handout
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The transaction ends the Aga Khan Fund's 66-year association with NMG, which began in 1959.
Taarifa Ltd, owned by East African businessman Rostam Azizi, will take over as the majority shareholder.
Azizi, who has prior experience in East African media, currently holds interests in Tanzanian media house Habari Corporation.
The Aga Khan Fund for Economic Development emphasised that its commitment to journalism will continue through the Aga Khan University Graduate School of Media and Communications (GSMC), which has trained thousands of journalists and media professionals in East Africa since its launch in 2015.
“We are confident NMG will continue to uphold the values of independent journalism and service to the public that have defined it for over six decades,” said Sultan Allana, AKFED Director.
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