"I don't agree that China's investment in Africa is something to do with 'new colonialism' or 'pillage of natural resources.' It is more economic rather than political," Jefferis said.
It is a natural response of capital to the chances of market, he said.
Recent years saw rapidly growing economic activities between China and Africa, and statistics show trade volume between China and Africa stood at 166.3 billion U.S. dollars in 2011, up 83 percent from 2009.
And in 2011 China's direct investment in Africa jumped 60 percent to 14.7 billion dollars from 2009.
Jefferis said African countries need investment to improve their infrastructure and markets for their natural resources.
"China's demand for commodities has reversed the long-term decline in global commodity prices -- to Africa's enormous benefit. Export volumes are up -- but export values are up even more," he said.
Jefferis said Africa has benefited from Chinese-led commodity "super-cycle" by exporting expensive commodities and importing cheap goods.
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