The former president of the West African Development Bank (BOAD), Christian Adovelande has not been idle since his departure from the head of the sub-regional banking institution. He should, presumably, join Michel Abrogoua's Phoenix Africa group.

In the restructuring-(re)dynamisation currently underway of the group's financial activities (investment banking, financial asset management, market operations, investment fund management), it is expected to play a major role. 

Especially since Michel Abrogoua, President and Founder of Phoenix Africa, has led, since these years, in the front line, the diversification of his group in real estate and construction. According to exclusive information from Financial Afrik, the Phoenix Africa Group will soon make an announcement on major operations combining its financial and construction activities.