The Diaspora Credit Union (DCU) has officially relaunched in Harare, marking a new era of financial empowerment for Zimbabweans both at home and abroad.
The relaunch revives a vision first established over seven years ago — to create a trusted platform that connects Zimbabweans in the diaspora with local investment and development opportunities.
Speaking at the relaunch, Mr. Blessed Kapesa, Founder and Chairman of the Zimbabweans in Diaspora Organisation (ZIDO), said the initiative was about building a bridge between diaspora wealth and local growth. “This relaunch is about restoring confidence and creating opportunities for Zimbabweans everywhere to invest and build together. The Diaspora Credit Union is more than a bank — it’s a movement of empowerment and shared prosperity,” said Kapesa.
The DCU will offer savings accounts, investment schemes, affordable loans, and digital banking services, designed to make it easier for Zimbabweans abroad to safely channel funds into productive projects back home. Kapesa said the credit union would also work closely with local authorities, developers, and financial institutions to drive investment in housing, agriculture, energy, and infrastructure.
“Our diaspora already sends millions home through remittances. The DCU ensures those funds are transformed into lasting investments that create jobs and sustainable development,” he added.
The relaunch aligns with Zimbabwe’s Vision 2030 and complements upcoming diaspora engagement events, including the Invest in Zimbabwe Summit 2025 in Birmingham and the Zimbabwe Diaspora Homecoming Celebration & Business Summit in Harare.
The Harare office will serve as the DCU’s main coordination centre, supported by its UK office for global membership and partnerships. Membership registration is now open, and Zimbabweans locally and abroad are encouraged to join and take part in upcoming investment programmes.
“Together, we are building a financial system that belongs to the people — one that connects Zimbabweans everywhere through trust, savings, and shared progress,” said Kapesa.