Nation Media Group (NMG), formerly known as East African Newspapers (Nation Series) Ltd, is an

East Africa East Africa, also known as Eastern Africa or the East of Africa, is a region at the eastern edge of the Africa, African continent, distinguished by its unique geographical, historical, and cultural landscape. Defined in varying scopes, the regi ...

n media group based in Kenya and listed on the Nairobi Stock Exchange. It is owned by

Aga Khan IV Prince Karim al-Husseini (13 December 1936 – 4 February 2025), known as the Aga Khan IV, was the 49th Imamah, imam of Imamate in Nizari doctrine, Nizari Isma'ilism from 1957 until his death in 2025. He inherited the Imamate in Nizari doctrine ...

History

NMG was founded in 1959 by

as East African Newspapers (Nation Series) Ltd, under the Aga Khan Fund for Economic Development. In 1999, NMG launched NTV, a news channel in Kenya, and Easy FM (now known as Nation FM).

Media outlets

As of 2007 the group was the largest private media house in

East East is one of the four cardinal directions or points of the compass. It is the opposite direction from west and is the direction from which the Sun rises on the Earth. Etymology As in other languages, the word is formed from the fact that ea ...

and

Central Africa Central Africa (French language, French: ''Afrique centrale''; Spanish language, Spanish: ''África central''; Portuguese language, Portuguese: ''África Central'') is a subregion of the African continent comprising various countries accordin ...

, with offices in Kenya, Uganda, and Tanzania. The group publications include: * '' The EastAfrican'' * '' Daily Nation'' * ''

Business Daily Africa ''Business Daily Africa'', commonly known as ''Business Daily'', is an English-language daily business newspaper published in Kenya. The newspaper is published by Nation Media Group from its headquarters at Nation Centre on Kimathi Street in Nair ...

'' * ''

Daily Monitor The ''Daily Monitor'' is an independent daily newspaper in Uganda. Launched in 1992 as ''The Monitor'', it established itself as a leading voice critical of the government and is one of the two largest national newspapers, alongside the state-ow ...

'' * '' The Citizen'' * ''NMG Investor Briefing'' * '' Taifa Leo'' * ''Zuqka''. The ''Daily Nation'' and its Sunday edition, the ''Sunday Nation'', celebrated their 50th anniversaries in 2010, branded by the Nation Media Group as "50 Golden Years". Regional Presence NMG owned a 76.5% stake in the Monitor Publications Limited and 93.3 KFM, a

Kampala Kampala (, ) is the Capital city, capital and largest city of Uganda. The city proper has a population of 1,875,834 (2024) and is divided into the five political divisions of Kampala Central Division, Kampala, Kawempe Division, Kawempe, Makindy ...

-based radio station in Uganda. It also owns two television stations in the country,

NTV Uganda NTV Uganda is a Ugandan television station under the Nation Media Group (NMG), operating in East Africa. It has been on air since 2006. It is one of the companies owned by Aga Khan IV. During the Arua elections, NTV Uganda reporter Herbert Zziwa ...

and Spark TV. NMG also has a 60% shareholding in ''Mwananchi Communications Limited in Tanzania. The group's East African subsidiaries, especially the Tanzanian business, contribute significantly to growth in the group. In March 2016, NMG commissioned a new state-of-the art printing press on Mombasa Road in Nairobi. The new facility has capacity to print 86,000 newspapers per hour. It cost KSh2 billion (about US$20 million) and will print the dailies ''Daily Nation'', ''Business Daily'', ''Taifa Leo'' and the weekly ''The EastAfrican''.

Shareholding

The shares of

stock Stocks (also capital stock, or sometimes interchangeably, shares) consist of all the Share (finance), shares by which ownership of a corporation or company is divided. A single share of the stock means fractional ownership of the corporatio ...

of the Group are listed at the Nairobi Stock Exchange and are cross-listed at the Uganda Securities Exchange as well as the Rwanda Stock Exchange, trading at all three bourses under the symbol "NMG". there were a total of 10,436 shareholders in the company. Of these, 4,135, owned 1 to 500 shares each, with a cumulative total of 782,157 shares, controlling 0.41 percent of the company. The seven largest shareholders controlled 62.57 percent of the total shareholding. These included: * Aga Khan Fund for Economic Development with 44.66 percent. * Alpine Investments Limited with 10.15 percent. * National Social Security Fund with 3.44 percent. * John Kibunga Kimani who had 1.54 percent shareholding. * Jubilee Insurance Company of Kenya Limited with 1.07 percent. * Standard Chartered Nominees A/c KE17984, who controlled 0.91 percent * CfC Stanbic Nominee Limited with 0.81 percent shareholding.

Awards

* 2021 IF Design Awards for an outstanding digital platform * 2021 Global Media Awards (by the International News Media Association (INMA)) * 2022 Global Media Awards

References

External links