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 Nation Centre, headquarters of the Nation Media Group | |
| Company type | Public |
|---|---|
| KN:NMG | |
| Industry | Media |
| Founded | 1959 |
| Headquarters | Nation Centre, Kimathi Street,Central Nairobi |
| Products | Newspapers,magazines,radio stations,television stations |
Number of employees | 1,400 (2004)  |
| Website | www |
Nation Media Group (NMG), formerly known asEast African Newspapers (Nation Series) Ltd, is anEast African media group based in Kenya and listed on theNairobi Stock Exchange. It is owned byAga Khan IV.
NMG was founded in 1959 byAga Khan IV as East African Newspapers (Nation Series) Ltd,[1] under theAga Khan Fund for Economic Development. In 1999, NMG launchedNTV, a news channel in Kenya, andEasy FM (now known as Nation FM).[2]
As of 2007 the group was the largest private media house inEast andCentral Africa, with offices in Kenya, Uganda, and Tanzania.[2][needs update]
The group publications include:
TheDaily Nation and its Sunday edition, theSunday Nation, celebrated their50th anniversaries in 2010, branded by the Nation Media Group as "50 Golden Years".[3][citation needed]
Regional Presence
As of 2016[update] NMG owned a 76.5% stake in theMonitor Publications Limited and 93.3 KFM, aKampala-based radio station in Uganda. It also owns two television stations in the country,NTV Uganda and Spark TV.[4] NMG also has a 60% shareholding inMwananchi Communications Limited' in Tanzania. The group's East African subsidiaries, especially the Tanzanian business, contribute significantly to growth in the group.[4]
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 dailiesDaily Nation,Business Daily,Taifa Leo and the weeklyThe EastAfrican.[5]
The shares ofstock of the Group are listed at the Nairobi Stock Exchange[6] and are cross-listed at theUganda Securities Exchange as well as theRwanda Stock Exchange, trading at all three bourses under the symbol "NMG".[7] As of December 2014,[update] 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:
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| National and International satellite channels | |
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| Newspapers and magazines: | |
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| National | |
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