Nation Media Group (NMG), East Africa’s largest media house, is facing a major leadership shakeup. Stephen Gitagama the CEO, has announced that he will step down from his position at the end of July 2024. Alongside him, the entire Board of Directors will also be resigning.
Stephen Gitagama has been a pivotal figure at NMG, leading the company through various phases of growth and transformation. His resignation marks the end of an era for the media giant, which has a significant presence in Kenya, Uganda, Tanzania, and Rwanda. Gitagama’s departure, coupled with the resignation of the Board, has raised questions about the future direction of the company.
The reasons behind these high-profile resignations have not been disclosed. Speculation is rife about the possible causes, ranging from internal corporate issues to strategic realignments. The company has yet to make an official statement providing clarity on the matter.
Nation Media Group has been a cornerstone of East African journalism, known for its flagship publications such as the Daily Nation and Business Daily, as well as its broadcast and digital media services. The sudden leadership change could have far-reaching implications for the company’s operations and its position in the media landscape.
As NMG prepares for this transition, stakeholders and observers will be keenly watching for announcements regarding the appointment of a new CEO and Board members. The media industry, employees, and shareholders are all eager to see how NMG navigates this critical juncture and what the future holds for East Africa’s leading media house.
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