Development economists have enjoined Africans to leverage on remittance as their main source of investment financing due to its constant and undisrupted inflows despite structural distortions and economic weaknesses compared to other sources of financial flows in recent time. This ignited the motivation for this study, to unveil the nexus between migrant’s remittance and investment financing and the modulating effect of the investment climate in this relation on a panel of 28 sub-Saharan African countries over the period 1995 to 2017. Using the panel autoregression distributive lagged estimation technique, the following empirical findings were established. First, the theoretical supposition underpinning the assumption in investment climate as a factor that motivates migrant’s remittance inflow to be channelled to investment received a clear empirical support. Second, it was established that the interaction between remittance and components of investment climate (government size and open market) enhanced the growth of private investment. Last, remittance is found to exert a positive effect on private investment in as much as the former does not exceed the threshold of 78%, above which private investment would decline off the quadratic curve. The study suggests the policy-makers channel deliberate efforts at improving not only the efficiency of the market, but government participation especially in the area of tax policy and fiscal financing.

The sudden outbreak of corona virus disease (COVID-19) all over the globe has continued to spread like a wild fire. The confirmed number of deaths was about 3, 400 as of March 7, 2020 but an exponential death increase has been recorded with the number of deaths jumping to a height of about 13,550 on March 22, 2020. The alarming level of spread poses challenge to leaders, economist and policy makers in the world and have distrust global workforce. The global economic implication of the pandemic has become detrimental to human, health, social, political and economic activities, among others which has resulted to global economic shock. Hence, countries have become nationalized and politics becoming nationalistic. Among suggested policy measure include: reduction of interest rates as low as the 2009 subprime crisis percentage point just to encourage investment and recovery in global activities, International health organizations should intensifying surveillance, outbreak readiness, biomedical counter-measures as preventive measures, massive education and enlightenment about the virus using all local dilates , its mode of transmission, and its health and socio-economic effects on the household and economy at large. For an effective implementation of these policy solution, maximum support is needed from all the stakeholders such as the governments, non-governmental organizations, health professionals, the media, communities, and the individuals at large.

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