He said it is in the best interest of China for Africa to develop, noting that Africa's development will ensure that China has a good partner to work with.

"Raising the standard of living in Africa is in the interest of China because African people will have more disposable income to buy goods and services. So it's a win-win situation for China and a win-win position for Africa."

It is therefore prudent, according to Adejumobi, for Africa to engage with China in a way that will be transformative for the continent.

He noted that Africa has benefited from its relationship with China when it is able to assuage the recent economic crisis because it has diversified its trade with China.

"In the long-run, the game changer will be how China works with Africa to transform African economies. Technology transfer and support to SMEs are critical areas that China will have to work hand in hand with Africa for Africa to move to the next stage," Adejumobi said.

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