ACROW LTD

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Overview Company News Filings

Aga Khan Fund sells controlling stake in East Africa's Nation Media Group

Reuters

·

Mar 11

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Khan Fund sells controlling stake in East Africa's Nation Media Group","url":"https://stock-news.laohu8.com/highlight/detail?id=2618968858","media":"Reuters","labels":["shareholding"],"top":-1,"itemType":null,"share":"https://ttm.financial/m/news/2618968858?lang=en_us&edition=fundamental","pubTime":"2026-03-11 01:45","pubTimestamp":1773164741,"startTime":"0","endTime":"0","summary":"Aga Khan Fund sells controlling stake in East Africa's Nation Media Group NAIROBI, March 10  - Aga Khan Fund for Economic Development  said on Tuesday it is selling its entire stake in East Africa-focused Nation Media Group NMG.NR to Taarifa Ltd.  The fund, through a subsidiary, held a 54.08% stake,  equivalent to 92,618,177 ordinary shares in the media group which controls diverse news outlets including in Kenya, Uganda, Tanzania and Rwanda. The statement did not give a value for the transaction, but according to Reuters calculations, the 54.08% stake is valued at around 1.227 billion Kenyan shillings  , based on Nation Media Group's Nairobi closing price of 13.25 shillings per share on Tuesday. Taarifa, owned by East African businessman Rostam Azizi, does not currently plan a mandatory or voluntary offer for the remaining NMG shares or any de-listing, the statement said.The deal brings to an end Aga Khan Fund's 66-year association with Nation Media Group.  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