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"Capacity continues to be the missing link for the continent to successfully drive its industrialization ambitions," says Kagiri. "This means that African governments need to focus on performance of the economy as well as capacity-building. It goes hand-in-hand."

"China has been continuing to open up and internationalize. Chinese people now speak better English and have a better understanding of international systems and structures. That's a positive change because it's all about China's engagement with the world," Graham said.

"China is also one of the rare countries that has gained momentum in the new economy. Seen from an investment perspective, it is a sector that will surely get high returns in the next 10 years," said Zhang Xiangyang, chairman of the private equity subsidiary of Haitong Securities, an A-share listed brokerage.

"But the mobile payment system in African nations is quite advanced, and as the first Chinese e-commerce company operating in Africa, Kilimall has set up its warehouses in Africa and offers sameday and next-day delivery services," he said. "We aim to cover the entire continent by 2021."

"China is the world's second-largest luxury market, and we are delighted to have such a respected partner. This partnership addresses the market's challenges by combining the Farfetch brand and curation with the scale and influence of the foremost Chinese e-commerce giant," said Jose Neves, CEO of Farfetch, which raised 0 million in 2016 in a Series F round of funding.