Africa: OECD says China and India to boost Africa

The Organisation for Economic Cooperation and Development (OECD) says a booming India and China can be of benefit to economies in Africa. In a policy insight document, the Paris-based think-tank said there are a number of ways the continent can gain. The OECD says Indian and Chinese growth has dampened world inflation pressures, lowered global interest rates, and raised raw material prices. This in turn, it says, has helped to improve Africa's terms of trade.