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NMG share gains 28.3pc in two days after stake sale news
Taifa Group Founder, Rostam Azizi and Sultan Ali Allana, Director of the Aga Khan Fund for Economic Development (AKFED) , at the signing ceremony for the sale of a majority stake in Nation Media by AKFED to Taifa Group, at the Serena Hotel in Nairobi on March 10, 2026.
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 on Thursday 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 the market on Tuesday.
