Excerpt: Though the Nation Media Group (NMG) is majority-owned by public shareholders, the group was founded by ‘His Highness’ the Aga Khan in 1960, who started Kenya’s Taifa and Nation newspapers to provide independent voices during the years preceding the country’s independence. He became Imam (spiritual leader) of the Shia Imami Ismaili Muslims in 1957 at the age of 20, succeeding his grandfather. The Aga Khan’s association with the NMG was institutionalised in 2003, and his shares transferred to the Aga Khan Fund for Economic Development (AKFED), making it the group’s largest shareholder.
via Kenya’s top five media moguls.
Related: July 2011 visit
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