List of Nation Media Group Owners, Their Shares as Aga Khan Announces Exit
- The Nation Media Group has cautioned its shareholders and the public following the uptake of the majority shares in the company
- Aga Khan Fund for Economic Development announced a transaction to transfer its 54% shares in the Nairobi Securities Exchange (NSE)-listed firm
- Nation said the acquisition of the shares by NPRT Holdings Africa Limited awaits regulatory approval
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Wycliffe Musalia has over six years of experience in financial, business, technology, climate, and health reporting, providing deep insights into Kenyan and global economic trends. He currently works as a business editor at TUKO.co.ke.
Nation Media Group will now be fully owned by a Kenyan company as the majority shareholder.
Source: Twitter
Aga Khan Fund for Economic Development (AKFED), which is the largest shareholder, announced the transfer of its over 54% shares in the Nairobi Securities Exchange (NSE)-listed company.
How many shares does AKFED own?
The Swiss not-for-profit entity and international development institution owns 92,618,177 or 54.08% ordinary shares in Nation Media Group Plc.
The company owns businesses in East Africa, West Africa, Central Asia, and South Asia.
AKFED wrote to Nation Media Group, informing it of its intention to carry out an internal reorganisation of its shareholding.
"The reorganisation will entail AKFED transferring all the Shares to NPRT Holdings Africa Limited ("NPRT"), which is a wholly-owned Kenyan subsidiary of AKFED (the "Reorganisation")
NPRT is a Kenyan company incorporated under the laws of Kenya, with registration number PVT-9XUML82L, and is wholly owned by AKFED," read the AKFED statement dated July 30, 2025, in part.
What Nation Media Group said about the share transfer
The media company cautioned its shareholders and the public following the uptake of the majority shares in the company.
Nation explained that the acquisition of the shares by NPRT Holdings Africa Limited awaits regulatory approval from the Capital Markets Authority (CMA).
"Shareholders and potential investors are accordingly advised to take note of this information when dealing in the shares of NMG and seek professional advice where necessary," read the statement from Nation in part.
The company assured shareholders of further communication concerning the transfer of shares.
Source: UGC
Who are the shareholders of Nation Media
The table below shows the owners of Nation Media, including NPRT, which has applied for the transfer of shares from AKFED.
| Shareholder | Number of Shares | Percentage |
| 1. NPRT Holdings Africa Limited* | 92,618,177 | 54.08% |
| 2. Alpine Investments Limited | 21,050,222 | 12.29% |
| 3. Standard Chartered Nominees Resd A/C KE11450 | 2,512,210 | 1.47% |
| 4. Kenya Commercial Bank Nominees Limited A/C 9185 | 2,492,636 | 1.46% |
| 5. Shah, Lalitaben | 1,140,000 | 0.67% |
| 6. Kenya Reinsurance Corporation Limited | 1,054,152 | 0.62% |
| 7. Kimani John Kibunga | 978,504 | 0.57% |
| 8. Adam Munirabuni | 858,380 | 0.50% |
| 9. Jubilee Life Insurance Limited | 788,233 | 0.43% |
| 10. Standard Chartered Nominees A/C 12568 | 501,212 | 0.29% |
Who is the CEO of Nation Media Group?
Meanwhile, the company appointed the former Nairobi Securities Exchange (NSE) boss Geoffrey Odundo as the chief executive officer.
Odundo took over from Richard Tobiko, who served as the interim managing director to the board.
He brought a wealth of experience in senior executive and leadership positions to the media company, having also worked at CPF Group as the executive advisor and CEO at Kingdom Securities.
Proofreading by Jackson Otukho, copy editor at TUKO.co.ke.
Source: TUKO.co.ke
