Raphael Masumbuko
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 Mentions
Tanzania:
Zan Securities Limited CEO Raphael Masumbuko noted that the current slowdown may be linked to election-related uncertainty.
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South Africa:
Raphael Masumbuko is a market analyst and chief executive of Zan Securities Limited.
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Tanzania:
Mr Raphael Masumbuko, CEO of Zan Securities, emphasized the importance of transparency for accurate tax assessment and compliance with revenue laws.
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