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Apart from helping Africa's growing middle class to bypass the traditional, often more costly, retail channels, the e-commerce platforms are also making it possible for African producers to reduce many of the barriers to access markets around the world. This is crucial for Africa as it seeks to embark on a journey toward industrialization at a time when other regions already have extensive reach and presence in the world markets. E-commerce thus acts as a leveler for emerging African producers and industrialists looking to find foreign markets.

Anthony Muriithi, the Interim Director General, Agriculture and Food Authority (AFA), attributed the trade imbalance to the fact that China is not only the second-largest economy in the world after the United States but also the largest producer of manufactured products globally.

Ant Financial and its partners, including environmental NGOs the SEE Foundation and China Green Foundation, have thus far planted 10.25 million trees, equivalent to a 1.22 million-ton reduction in CO2 emissions.

Another reason for the rising price from January to May is that China has eliminated capacity by closing many illegal factories, said Zhan Sheng, a nonferrous metals expert from JZ Investment.

Any speculative activity to short the Chinese renminbi will "inevitably suffer from a huge loss", according to Guo, who said short-term volatility of the currency is normal.