Nation Media Group (NMG) shares have rallied sharply at the Nairobi bourse following news that Tanzanian businessman Rostam Azizi plans to acquire a controlling stake in the regional media giant. The company’s stock has risen significantly over two trading sessions after the deal was made public earlier this week. Market data shows that the media
The Nairobi Securities Exchange (NSE) has made an official clarification regarding recent reports claiming that its Board Chairman, Mr. Kiprono Kittony, EBS, has resigned. According to the official statement, Mr. Kiprono Kittony, EBS, still remains the Chairman of the Exchange and has been actively involved in charting the strategic direction of the Exchange. In its
