The Nation Media Group (NMG) has been acquired by Rostam Azizi, a Tanzanian tycoon, in a transaction that will see Aga Khan Fund for Economic Development S.A (AKFED) sell its entire 100% shareholding in the media house to Taarifa Limited. Nation Media Group, which publishes the Daily Nation, Sunday Nation, The EastAfrican, Daily Monitor(Uganda), Mwananchi and The Citizen in Tanzania, has also ended is 66-year old partnership with AFFED, which will exit its long standing investment in East Africa’s largest media outlet. Nation Media Group also operates broadcast media, including NTV and Nation FM as well as several digital platforms. AKFED’s association with Nation Media Group began in 1959 when the Aga Khan IV established East African Newspapers and acquired the Swahili newspaper, Taifa Leo. Nation Media Group HistoryThe first issue of the Daily Nation was published on March 20th 1960.When Kenya got its independence from British rule in December 1963, Nation Media was already established as a credible and trusted source of news and analysis.

Source: Daily Nation March 10, 2026 23:33 UTC