Kenya’s media industry has witnessed exponential growth in recent years with the creation of more newspapers, magazines, radio stations and TV channels. Although many Kenyans can claim to own a small radio station, magazine or shares in a listed media house, the real kings are few. Here are the men who can truly lay claim to being media moguls in Kenya:
The Aga Khan
Founder: Nation Media Group
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.
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