This interview traces the rags to riches story of Diaspora Insurance CEO, Jeff Madzingo, from Gutu in Zimbabwe to the UK, mapping out how he started what is now an innovative Funeral Cash Plan.
Madzingo who was born and bred in rural Zimbabwe, worked as a banker in Zimbabwe before moving to the UK to study. He got a post-graduate programme on a British Council scholarship.
After completing the post-graduate programme, he was not able to get a banking job in the UK and found himself working as a security guard.
However, he did not despair and used his time working as security guard to study and secure professional qualifications in mortgages and insurance.
He then started a business which helped thousands of diasporans buy their first homes while others were able to establish property portfolios of their own.
After the mortgage business, Madzingo founded an innovative insurance product, the Diaspora Funeral Cash Plan, which is and has remained the flagship product of Diaspora Insurance.
It covers Africans originating from 20 African nationalities and residing across the globe. Countries covered are Botswana, Ethiopia, Eswatini, Ghana, Kenya, , Malawi, Namibia, Mozambique, South Africa, Tanzania, Uganda, Zambia, Zimbabwe,
15 years later, the business has grown into a multi-million dollar business and has other insurance and related products including life cover and will writing.
