Stay updated on our impactful work across Southern Africa.
Shared Interest 2020 Annual Report
Throughout the pages of Shared Interest 2020 Annual Report, you will see inspiring examples of how our new business model is providing much-needed support, amid the challenges of the pandemic, to businesses that are particularly important in driving the post-Covid economic recovery and are on the frontlines of providing essential goods and services for the Black and brown communities they serve.
From Tulsa to Minneapolis:
A Year After George Floyd
A century ago, in a highly segregated city under Jim Crow laws, we remember when white mobs were deputized and given weapons by city officials in what will have become one of the worst racial massacres in U.S. history where hundreds of Black people were murdered and thriving businesses and homes were burned down in a Greenwood neighborhood known as Black Wall Street in Tulsa, OK.
Shared Interest guarantees loans by Southern Africa’s financial institutions and commercial lenders to low-income borrowers who would otherwise be considered unbankable.
United For Hope Gala 2021: Honoring Donna Katzin, Antoinette Sithole, Bishop Joaquina F. Nhanala
The event is Co-Chaired by The Altschuler Family, Stanley, Marion, Paul, Sara, Edward & Sharon Bergman, Regan Pritzker, Susan Pritzker and Tim Smith. Makho Ndlovu will host the event, and we have an exciting program planned this year with special guests Danny Glover, Dr. John Kani and Justice Albie Sachs and a keynote address by The Most Revd. Dr. Thabo Makgoba (Anglican Archbishop of Southern Africa). We will also have electrifying performances by the Ndlovu Youth Choir with a special appearance by Geneva Reed-Veal (Mother of Sandra Bland). The event is generously sponsored by: Capital Group, Eaton Vance, Inverness Counsel, Synergos, Trillium Asset Management and United Methodist Women.
Stepping Up In Zambia
When the COVID-19 pandemic arrived at the borders of Zambia, it arrived in a country already beset by a host of economic challenges. Zambia defaulted on its Eurobond payments in November, 2020, and was downgraded to default status by both Fitch Ratings and S&P Global Ratings. Focus quickly shifted to a potential bailout package from the International Monetary Fund, but the IMF has remained consistent in its desire to see policy measures and programs undertaken before resuming talks on a restructuring program.
Shared Interest Receives IA50 Emerging Impact Manager Award and The Transformative 25
Shared Interest was once again named a recipient of the Impact Assets Top 50 award. SI was selected to receive the award in the category IA 50 Emeritus Managers, which spotlights impact fund managers who have achieved IA 50 recognition for a minimum of five years. ImpactAssets aims to increase the flow of capital into investments delivering financial, social, and environmental returns.
A Warm Welcome to Ann McMikel
On May 3, 2021, Ann McMikel officially joined Shared Interest as its new Executive Director. The board and staff of Shared Interest are thrilled to welcome her to the family – and to introduce her to our donors, investors, and partners. Originally from the southside of Chicago, Ann was personally drawn to Shared Interest’s mission, in part, because of her own experience. “When I learned about the work of Shared Interest,” she said, “I could immediately relate to the economic and racial barriers it is trying to dismantle that keep too many communities of color from realizing their full potential as business owners and corporate leaders.”