Kenya: Tanzanian Billionaire Rostam Azizi Acquires Majority Stake in Nation Media Group

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). 

In what is one of East Africa’s largest media transactions in decades, the deal was executed through one of the companies…