Uhuru in possible talks to buy Nation Media Group

lorine towett

February 23, 2018 7:03 PM

New Partnership?

His highness the Aga Khan, the chief shareholder in Nation Media Group could be contemplating on selling his stake in the Nation Media Group.

According to a report by Business Today, President Uhuru Kenyatta's family could be interested in buying the Aga Khan shareholding in the huge media outlet.

The tycoon owns 44.7% stake in the media organization. It is not yet clear whether the Kenyatta family is eyeing for the entire Aga Khan's shareholding or a part of it.

This seemingly new development has come following reports that the deputy president could be eyeing to purchase more stake from Mediamax company which the Kenyatta family largely own. William Ruto had his shares increased after he launched Emoo FM; a Kalenjin radio station.

The Aga Khan is expected to come to Kenya in early March for key talks that will determine the fortune of the ownership the media organization.

The Aga Khan owns quite a number of compares across several sectors which include; education, insurance, security, hospitality and banking through Aga Khan schools, Jubilee Holdings, SENECA, Serena hotels and Diamond Trust Bank respectively.

lorine towett