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Tanzanian billionaire Rostam Aziz has acquired a controlling stake in Nation Media Group, East Africa's largest media conglomerate, a move that has sparked debate about the future of independent journalism in the region amid fears it could threaten press freedom.
Tanzanian tycoon Rostam Azizi has pledged investment in journalism following his takeover deal of NMG.
Rostam Aziz's purchase of East Africa's largest media house has sparked fears for press freedom and raised questions about the future of journalistic independence in the region.
Tanzanian businessman Rostam Aziz has acquired Kenya's Nation Media Group, following the Aga Khan Fund for Economic Development's announcement of selling its shares and ending its 66-year association with NMG, with Aga Khan confirming the sale of his majority stake.
Rostam Azizi has acquired a 54.08 percent stake in NMG, becoming the new majority owner and pledging to uphold journalistic standards.