Tanzania, March 12 -- The Nation Media Group (NMG) share has gained 28.3 percent in two trading days following the Tuesday announcement that Tanzanian businessman Rostam Azizi is acquiring a majority stake in the company.

The stock added 7.6 percent yesterday to hit a two-year high of Sh17 per share, and a total valuation of Sh3.24 billion, adding to the market-leading 19.2 percent gain recorded on Wednesday when it traded without the usual 10 percent regulatory cap due to the material announcement made after the close of market on Tuesday.

The NMG counter was trading at Sh13.25 per share before the transaction was disclosed.

Investors have moved a total of 298,887 shares of the company over the past two days, valued at Sh4.84 million....