NPRT Holdings Africa Ltd has formally received approval from the Capital Markets Authority (CMA) to acquire the controlling stake in Nation Media Group (NMG) from its parent, the Aga Khan Fund for Economic Development (AKFED).

The regulatory body granted NPRT a full exemption from the obligation to make a mandatory takeover offer to the company’s minority shareholders. With this exemption, NPRT does not intend to acquire any additional shares, signaling its current stance to the market.

The transaction, involving a 54.08% share transfer, consolidates AKFED’s investment under a single dedicated vehicle. This move is aimed at streamlining governance and introducing a more focused management framework for NMG.

By placing NMG assets under NPRT Holdings Africa Ltd, AKFED is potentially granting NMG greater operational autonomy, enabling leadership to navigate the rapidly evolving media landscape with agility and focus.

The dedicated holding structure is expected to provide a clearer strategic direction, insulating NMG’s operational decisions from broader portfolio interests of its developmental investor.

This reorganization comes as NMG faces financial challenges affecting traditional media and pursues a strategic pivot from loss-making print products toward digital expansion and new revenue streams.

The reshuffle under NPRT is seen as a foundational step to create a more nimble and financially distinct entity, better equipped to execute digital transformation and restore profitability.