Home | News    Sunday 9 October 2011

Nation Media seeks shares in Citizen Newspaper

separation
increase
decrease
separation
separation

October 8, 2011 (JUBA) - The Kenyan-based Nation Media Group (NMG) is currently negotiating with The Citizen newspaper to buy shares, in deal that could see the company acquire major stakes in South’s Sudan’s leading English daily, Sudan Tribune understands.

JPEG - 28 kb
Nhial Bol, editor in chief of The Citizen newspaper, narrates his arrest and detention during an interview with Sudan Tribune on 30 September in his Juba office. (Photo: Ngor Garang/ST)

Founded in 1959, NMG has emerged as the largest independent media house in East and Central Africa, having reportedly been quoted on the Nairobi Stock Exchange since the early 1970s. Currently operating in Ugandan and Tanzania, the company has plans to expand to Rwanda and Burundi.

Nhial Bol Aken, The Citizen newspaper’s managing editor confirmed meeting that a meeting with NMG took place in Nairobi, the Kenyan capital, but declined to divulge further details, saying both parties were still at the initial stage of negotiations.

“It is true we met a team from the nation media, but what we are looking for is a media partnership with any interested parties. We did not go into the details of what this kind of partnership should entail,” he told Sudan Tribune by phone.

The Citizen, which was founded in 2005, coinciding with a peace agreement between north and South Sudan that year. The publication has run into trouble with the authorities in both Khartoum and Juba, and has in the past been suspended in north Sudan.

In November 2010, The Citizen announced that it was moving its headquarters to Juba. It now prints at a new printing press in Juba a month later.

However, when contacted on Wednesday, Linus Gitahi, NMG’s chief executive officer neither confirmed nor denied the matter, and wondered why the matter was in public interest.

“Who told you that and what is your interest in the matter.....sorry to ask this but our client relationships are confidential,” Gitahi, in an emailed reply, said.

NMG, owned by Agha Khan, currently owns seven newspapers, two television stations and three radio stations, spread across East Africa. The Kenya-based media group appears to be seeking to become the first large media entity to expand to South Sudan after the latter attained its independence exactly three months ago.

(ST)

Comments on the Sudan Tribune website must abide by the following rules. Contravention of these rules will lead to the user losing their Sudan Tribune account with immediate effect.

- No inciting violence
- No inappropriate or offensive language
- No racism, tribalism or sectarianism
- No inappropriate or derogatory remarks
- No deviation from the topic of the article
- No advertising, spamming or links
- No incomprehensible comments

Due to the unprecedented amount of racist and offensive language on the site, Sudan Tribune tries to vet all comments on the site.

There is now also a limit of 400 words per comment. If you want to express yourself in more detail than this allows, please e-mail your comment as an article to comment@sudantribune.com

Kind regards,

The Sudan Tribune editorial team.

Comment on this article


 
 

The following ads are provided by Google. SudanTribune has no authority on it.


Sudan Tribune

Promote your Page too

Latest Comments & Analysis


Appointment of Dr. Riek as FVP is welcome but...? 2016-02-13 13:18:16 By James Okuk “Geography has made us neighbors. History has made us friends. Economics has made us partners, and necessity has made us allies.” – President J.F. Kennedy. On Thursday February 11, (...)

Formation of “TGoNU” without Constitutional Amendment: Is it a right of necessity? 2016-02-09 20:30:29 By Mabor Maker Dhelbeny In its 55th Extra-ordinary Meeting, held on 30th – 31st January, 2016 in Addis Ababa, Ethiopia, the IGAD Council of Ministers in the communiqué on South Sudan: (1) (...)

Terrorism Tops African Summit Agenda: Lip service or strategic move? 2016-02-07 04:56:59 By Trayo A. Ali In Africa, terrorism is not only strategic threat to continent political security and destabilization, but more importantly it also constitutes fundamental challenge and eminent (...)


MORE






Latest Press Releases


Civil society group decries delay of S. Sudan transitional gov’t 2016-01-29 18:08:53 South Sudan Civil Society Alliance Date: 29.1.2016 For the immediate Release Press Release Following the passing of deadline of the formation of Transitional Government of National Unity in the (...)

Africa: Strengthen steps to end child marriage 2015-12-14 08:04:41 December 10, 2015 African governments should coordinate action to improve laws, education, health care, and public awareness to end the scourge of child marriage, Human Rights Watch said today (...)

Professor Akolda, it is too early for you to go 2015-12-06 06:36:15 I learnt from social media of the untimely departure of Professor Akolda Maan Tier on the 30th Nov 2015, whom I knew and admired, as one of the great, committed sons of both Sudans, who dedicated (...)


MORE

Copyright © 2003-2016 SudanTribune - All rights reserved.