Change of guard at Afreximbank as new boss vows to build on predecessor's legacy

Incoming Afreximbank President Dr George Elombi (right) presents a commemorative coffee table book to his predecessor, Professor Benedict Oramah, during the bank's farewell and investiture ceremony. [Brian Ngugi, Standard]

Cameroonian banker Dr George Elombi has formally assumed the presidency of the African Export-Import Bank (Afreximbank).

Using his inaugural speech to laud his predecessor Professor Benedict Oramah for building a multi-billion dollar "development supermarket" for the continent, Elombi acknowledged the monumental task of closing Africa's vast trade finance gap.