ROUNDUP: List of NMG Shareholders After Aga Khan Exit and Big Payout for KCB Shareholders

Hello, I’m Janeffer. Welcome to today’s edition of The Business Roundup.  In this edition, we focus on these four leading stories:

• Full List of NMG Shareholders as Aga Khan Ends 66‑Year Ownership
• Huge Payday for KCB Shareholders as Bank Announces Ksh22 Billion Dividend
• Würth Kenya Shuts Down After 29 Years in Business
• Court Suspends NTSA’s Instant Traffic Fines System

Major This Week

List of NMG Shareholders as Aga Khan Ends 66‑Year Ownership

A new chapter begins for the Nation Media Group (NMG) as Tanzanian businessman Rostam Azizi takes the helm, bringing to a close the Aga Khan Fund for Economic Development’s (AKFED) remarkable 66-year stewardship of the media giant.

But who else holds a stake in the Nation Media Group? Here’s a look at how the Nation Media Group is currently shared among its key investors:

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Rostam Azizi committed to upholding journalistic standards and denied any special ties with President William Ruto. Speaking at a media briefing on Wednesday, March 11, Azizi said he secured some of his business permits during former President Uhuru Kenyatta’s tenure and explained that he maintains ties with other leaders in the East Africa region. 

What he said: “I was closer to Mzee Raila, and I’m close to leadership all around our region. Ruto is not my first leader in Kenya to be friends with.” 

Huge Payday for KCB Shareholders as Bank Announces Ksh22 Billion Dividend

And other exciting news, KCB Group shareholders are set for a hefty payout of Ksh7 per share, totaling about Ksh22.5 billion, following a 12% rise in earnings per share to Ksh20.79.

The dividend includes a final payout of Ksh3 per share and interim payments of Ksh4 per share, yielding around 8.9% based on the current share price.

Final dividends are expected on May 22, 2026, for shareholders registered by April 2, 2026, pending approval. Read more about the group’s results announced on Wednesday. 

Würth Kenya Shuts Down After 29 Years in Business

And now, to some concerning news: Würth Kenya Ltd is set to close its doors as part of a global restructuring by the Würth Group.

In a notice sent to customers on March 10, the company confirmed it will cease operations but continue normal business until the end of May 2026.

During this period, Würth Kenya will settle outstanding obligations and ensure a smooth transition for its customers and business partners as it winds down its operations.

What’s next for NTSA’s instant fines?

Meanwhile, in news that’s turning heads, High Court Judge Justice Bahati Mwamuye issues a conservatory order halting the enforcement of Kenya’s Instant Fines Traffic Management System by NTSA.

Here is a highlight of the what the court ruling stated:

• The court order prevents NTSA, related agencies, and their officers from issuing or enforcing automated traffic fines.

• KCB Bank Kenya to be enjoined as an interested party in the case.

• The petitioner must serve the respondents and KCB and file proof of service by March 13, 2026.

• The respondents are required to file their responses by March 20, 2026.

• The petitioner may file a rejoinder, if necessary, by March 27, 2026.

• The case will next be mentioned on April 9, 2026, to discuss an expedited hearing and further directions.

Also Read: Aga Khan Sells Nation Media Group to Tanzanian Tycoon

ALSO, BIG THIS WEEK

• The Nairobi Securities Exchange clarified that prominent businessman Kiprono Kittony has not stepped down as chairman of the Nairobi Securities Exchange (NSE).
• Stanbic Bank Kenya has appointed Abraham Ongenge as the new Acting Chief Executive Officer, effective 1 March 2026, pending regulatory approval.
• Kenya’s manufacturing sector raised objections to the new Standards (Standards Levy) Order, 2025, issued by the Kenya Bureau of Standards (KEBS) and gazetted under Legal Notice No. 136 of 8th August 2025.
• The Kenya Revenue Authority (KRA) has announced its decision to discontinue the placement of taxpayers on the infamous Special Table.

Coming Up

EPRA will announce fuel prices for the March 14 to April 14 cycle even as global oil prices continue to rise.

Also Read: Huge Payday for KCB Shareholders as Bank Announces Ksh22 Billion Dividend

Currency Trends

The Kenya Shilling remained stable against major international and regional currencies during the week ending March 12, 2026.

It exchanged at Ksh129.03 per U.S. dollar on March 12, a 0.01 increase from last week.

Against other major currencies, the shilling traded at:

• Sterling Pound – Ksh173.59
• Euro – Ksh149.97
• South African Rand – 7.90
• Japanese Yen (100 units) – Ksh81.63

Against regional currencies, the shilling exchanged at:

• Ugandan Shilling – Ksh28.80, Tanzanian Shilling – Ksh20.10, Rwandan Franc – Ksh11.28

Quote of the week

Before we wrap up this week’s Business Roundup, for those weighing the risks of venturing into the business world, remember the words of William Butler:

“Do not wait to strike till the iron is hot; but make it hot by striking.” — William Butler Yeats