The Aga Khan Fund for Economic Development (AKFED) has announced it will sell its controlling stake in Nation Media Group (NMG), ending a partnership that has shaped East Africa’s largest independent media house for more than six decades. Shares of Nation Media Group closed Tuesday’s trading session at Sh13.25 on the Nairobi Securities Exchange, giving NPRT Holdings Africa Limited’s 92,618,177 shares an estimated market value of about Sh1.23 billion. Digital transformation pushAdvertisementAdvertisementAKFED said the transition comes as Nation Media Group accelerates its digital transformation, with the incoming shareholder expected to support new investments in technology and audience growth. According to the statement, Taarifa Ltd plans to help the media house expand its digital footprint and strengthen engagement with audiences while maintaining its tradition of public-interest journalism. Nation Media Group building on Kimathi Street, NairobiNation Media Group was also among the first African media companies to list on a securities exchange, with its shares trading on the Nairobi Securities Exchange since 1973.

Source: Daily Nation March 10, 2026 17:54 UTC