Aga Khan announces sale of its Nation Media Group shares

His Highness Prince Rahim Aga Khan V (left) and Tanzanian businessman Rostam Azizi (inset). The Aga Khan Fund for Economic Development S.A. has entered into an agreement to sell its 100 percent shareholding in the Nation Media Group PLC to Taarifa Ltd, a company owned by the Tanzanian businessman.

The Aga Khan Fund for Economic Development S.A. (AKFED) has entered into an agreement to sell its shareholding in the Nation Media Group PLC (NMG) to Taarifa Ltd, a company owned by Tanzanian businessman Rostam Azizi.

Mr Azizi has vast business interests across multiple sectors, including media, mining, telecommunications, agriculture, real estate, port facilities, energy, and construction.

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