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
Tanzanian tycoon Rostam Azizi has provided additional details on the proposed indirect acquisition of Nation Media Group (NMG) through his company, Taarifa Ltd, after announcing plans on Tuesday, March 10, 2026, to acquire the Aga Khan-owned media group. In a statement issued on Wednesday, March 11, 2026, Taarifa outlined how it intends to indirectly acquire