Fears for press freedom as billionaire takes control of East Africa's largest media house

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Tanzanian billionaire Rostam Aziz, through his company Taarifa Ltd, has acquired a controlling 54% stake in East Africa's largest media house, the Nation Media Group (NMG). The acquisition, announced this week, raises concerns about the future of independent journalism in Kenya, Tanzania, Uganda, and Rwanda, where NMG's newspapers, TV, radio, and digital outlets are widely consumed. Aziz, a former MP for Tanzania's ruling party with close ties to regional politicians, has stated his commitment to credible and independent journalism. The Aga Khan Fund for Economic Development (Akfed) sold its stake after a review of its investments. The deal is pending approval from media regulators in the respective countries.
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