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


National dialogue building nation 2017-05-22 21:10:41 By Amb. Dhano Obongo Initially, I congratulate and commend H.E the President of the Republic of South Sudan, Gen. Salva Kiir Mayardit, for recognising the need for a national dialogue among 64 (...)

The raging just revolution in Darfur will continue burning until victory 2017-05-22 21:04:22 By Mahmoud A. Suleiman Author Mahmoud Yusuf says that we live in a historical stage full of serious events that will affect the future of mankind on this planet, including what is related to (...)

South Sudan: How culture of revenge inhibits development and progress 2017-05-13 08:09:39 By Steve Paterno Admittedly, revenge or the act of it is inherently human in nature. The human beings since biblical times could not dissuade from the proverbial practice of an 'eye for an eye.' (...)


MORE






Latest Press Releases


HRW denounces "collective punishment" in South Sudan’s Wau 2017-04-15 07:06:48 Human Right Watch South Sudan: New Spate of Ethnic Killings Urgent Need for Justice; UN Should Increase Patrols in Wau (Nairobi, April 14, 2017) – Government soldiers and allied militias (...)

Statement by South Sudanese Communist Party on the National Dialoguel 2017-03-22 05:44:42 The Communist Party of South Sudan On the Initiative of the National Dialogue The initiative taken by the President of the Republic of South Sudan declaring a need for a national dialogue is an (...)

An Appeal to President of the Republic of South Sudan 2017-03-15 07:22:45 Dear. Mr. President, I write to appeal to you for the release of political detainees now in the custody of the National Security Service at Jebel and other detention facilities. In doing this, I (...)


MORE

Copyright © 2003-2017 SudanTribune - All rights reserved.