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The incoming CEO of Icahn Enterprises, Aris Kekedjian, knows how to work both sides of a deal.
The General Electric veteran ascended the ranks of the conglomerate’s once-colossal lending arm, GE Capital, and then earned himself a reputation by rapidly selling off chunks of the floundering business to the highest bidder.
As GE’s global head of M&A in the post-2008 fallout, Kekedjian executed a series of deals over two years that saw the company dispose of over $250 billion in financial assets, according to his LinkedIn profile. That includes the $23 billion sale of GE’s real estate assets to Blackstone and Wells Fargo, as well as the sale of its U.S. private-equity lending business to the Canada Pension Plan Investment Board for about $12 billion.
Rainmaker Worldwide to Provide Water to African Communities
SEATTLE, Washington In many African nations, periodical and ongoing water shortages impact large percentages of the population. Across Africa, as many as 40% of the population does not have access to clean drinking water. While temporary aid such as bottled water can help some African communities, this does nothing to create a lasting break for the issue of unsafe water. However, larger relief may be on the way to some of Africa’s most water-deprived nations as Rainmaker Worldwide announced a joint venture with Sphere 3D.
Water Shortages in Africa
There are many factors at play that impact the lack of safe drinking water in many African countries. Much of the issue comes from an inability to purify water at a large-scale level. In Kenya, for example, a growing population makes it difficult to meet the water demand, leading to around 41% of the population not having access to adequate water. Senegal has similar issue