NAIROBI, Kenya, Mar 11 – Shares of Nation Media Group (NMG) surged 28.3 percent to Sh17 after Tanzanian businessman Rostam Azizi acquired a majority stake in the regional media house. An analysis by Capital FM Business shows that NMG shares were trading at Sh13.25 at the close of trading on the Nairobi Securities Exchange before the takeover announcement. The rally followed news that the Aga Khan Fund for Economic Development will sell its entire shareholding in NPRT Holdings Africa Limited, the entity that holds a 54.08 percent controlling stake in Nation Media Group, to Taarifa Ltd. The transaction will see Azizi acquire about 92.6 million ordinary shares, effectively giving him majority ownership of the media group. Visited 92 times, 20 visit(s) today

Source: Daily Nation March 11, 2026 21:21 UTC