NMG Founder Aga Khan to Visit Kenya this week, to hold talks with President Kenyatta!
His Highness the Aga Khan, Imam of the Shia Ismaili Muslims and Chairman of the Aga Khan Development Network, will be making an official five-day visit to Kenya this April between Wednesday April 11th – 15th.
A source with close ties to Ismaili Leader, though not authorized to speak on record, has intimated to Kenyan Wallstreet that his highness will meet with President Uhuru Kenyatta as well as the country’s top officials to discuss a range of national and regional development issues in addition to other activities relating to Aga Khan Development Network (AKDN), the mother company of Nation Media Group.
This visit is also part of a series of visits that coincide with the commemoration of the Aga Khan’s Diamond Jubilee, marking the 60th anniversary of his leadership as Imam of the Shia Ismaili Muslim Community.
The Aga Khan founded Nation Media in 1959, and currently holds a 44.7% stake in the company through Aga Khan Development Network Foundation.
The timing of the visit comes at a time when the company is about to announce its full year results amid declining revenues year after year and battered reputation. Nation Media Group will release its full year results on April 18th or 19th April.
“NMG is yet to release their latest financial results. Things don’t look very rosy. Nothing to smile about. The Group has been at crossroads, politically and business wise. Apart from the overhyped digital shift, content has been another problem that has brought down sales for the group.” Said one a source with close ties to the company.
In the last few weeks, a good number of talented journalists and eight senior independent columnists left NMG accusing the firm of allowing government to interfere with editorial decisions, a charge that NMG has denied.
Aga Khan has built a range of activities in kenya – in education (Aga Khan schools), in health care (Aga Khan Hospital), commerce, tourism (TPS Serena Hotels), finance (Diamond Trust Bank & Jubilee Insurance), and other fields.