Diaspora Insurance CEO, Jeff Madzingo’s success story is one that evokes determination and focus; showing that with the right mindset, success is achievable. Madzingo was born and bred in Gutu rural located in Masvingo province, Zimbabwe. After completing his studies, he worked as a banker before moving to the UK for a post graduate programme on a British Council scholarship.
After completing his post graduate studies he could not secure a job in the banking sector and found himself working as a security guard to make ends meet. Madzingo narrated his journey in a keynote speech at the recently held Zimbabwe Achievers Awards headline sponsored by Diaspora Insurance. “I used my security guard time to study”, he said, holding a blue jacket emblazoned ‘The Watch Security’, his uniform over a decade ago. Eventually he got professional qualifications in mortgages and insurance and started a business which helped thousands of diasporans buy their first homes while others were able to establish property portfolios of their own.
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After the mortgage business, Madzingo founded an innovative insurance product, the bespoke Diaspora Funeral Cash Plan, which is and has remained the flagship product of Diaspora Insurance.
Diaspora Insurance specialises in the marketing and distribution of insurance products and risk management solutions which cater for African expatriates. Now a multi-million dollar business, the company has helped thousands of African diasporans give themselves and their loved ones a dignified send off. Diaspora Funeral Cash Plan covers Africans originating from 13 African nationalities, living and working in developed markets like the UK, EU, New Zealand, Australia and North America. Countries covered are Botswana, Ethiopia, Eswatini, Ghana, Kenya, Malawi, Namibia, Mozambique, South Africa, Tanzania, Uganda, Zambia, Zimbabwe with plans underway to add more.
Diaspora Insurance was designed to fulfil the needs of the Africa diaspora community and their charity work spans across Africa with donations to orphanages, old people’s homes, widows and other marginalised communities. Diaspora Insurance also runs a public service initiative, sharing Go Fund Me appeals for repatriation, burial or any end-of-life expenses.
Some of the community initiatives by Diaspora Insurance