Muhamed Ražanica was born in 1961 in Goražde. He graduated at the Faculty for Economics University in Mostar in 1985. He started to work in JP Elektroprivreda BiH in 1996. In period 1998 – 2004 he worked as head in Section "Elektrodistribucija" in Goražde. In period 2007 – 2008 he was director "Elektrodistribucija" Sarajevo and Acting Executive Director for economic affairs in period 2010- 2011, Head of Sector for Finance managing control in JP Elektroprivreda BiH.

In his professional career he worked as an inspector for the prevention and detection of economic crime , organizer of automated information and developer of application software.

Muhamed Ražanica holds no shares of JP Elektroprivreda BiH d.d. - Sarajevo, or shares in the company which might be considered competitive companies to JP Elektroprivreda Bosne i Hercegovine d.d. – Sarajevo.