Raphael Masumbuko
business executiveMale0.0Global Dominance: 0.00%
Raphael Masumbuko is a market analyst and the chief executive of Zan Securities Limited, known for his insights into the Tanzanian equities market, which has seen significant gains in 2025 due to new trading rules and strong corporate earnings.
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Recent news mentions
Zan Securities Limited CEO Raphael Masumbuko noted that the current slowdown may be linked to election-related uncertainty.
DSE trading slows as investors adopt wait-and-see stance ahead of pollsThe Citizen – major Tanzanian English newspaper, est. 2004·
Tanzania· 2025-10-28
Tanzania· 2025-10-28
Raphael Masumbuko is a market analyst and chief executive of Zan Securities Limited.
Tanzania’s equities market surges by $1.4bn over a year – The Mail & GuardianMail & Guardian·
South Africa· 2025-10-13
South Africa· 2025-10-13Also mentioned
Geofrey Kamugisha
Mr Raphael Masumbuko, CEO of Zan Securities, emphasized the importance of transparency for accurate tax assessment and compliance with revenue laws.
Govt to reassess telecom companies' necessity to list shares on DSEThe Citizen – major Tanzanian English newspaper, est. 2004·Tanzania· 2025-02-22
Tanzania· 2025-02-22
