DAR ES SALAAM, March 12 -- FOLLOWING breaking news in the first quarter of 2026 that prominent Tanzanian businessman Rostam Aziz has acquired a controlling stake in Nation Media Group after purchasing the 54.08 per cent share previously held by the Aga Khan, the East African media landscape has entered a new chapter, bringing an end to a takeover deal that began around November last year.

This is one of the most significant ownership changes in the history of East African media, as the Aga Khan Fund for Economic Development S.A. (AKFED) has controlled the stake for approximately 66 years.

Nation Media Group (NMG) is a prominent media organisation in the region, with operations in Kenya, Uganda, Tanzania, and Rwanda. In addition to opera...