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"CSR is changing from charity to business practices that have a positive impact on people, the planet and profit and we are happy that the Chinese businesses in Kenya are taking a similar direction," he said.

"By the end of this year, we expect to buy 300,000 to 400,000 tons of corn, wheat and corn stalks from farmers in Wusu," Wang said.

"But we're more concerned about the use of the app, particularly cellphone location data to conduct that kind of contact tracing because that type of information can be so incredibly sensitive and invasive and so easy to abuse."

"But the downturn was so big – the hole that was dug was so deep – that it will still take probably at least a couple of years to dig ourselves out."

"But taking the long view, fintech companies in general have great potential for development, as they represent new technologies and new business models," he added.