Forecasting COVID-19 Pandemic and Capital Market Efficiency in Africa

Despite a large and growing list of studies on COVID-19 across space time heterogeneous social, environmental welfare issues, the empirical relations consequences pandemic Africa’s market capitalization objectives remain dimly discerned. Even more worrisome is Africa, where condition for growth development has not been adequately fulfilled. This structural ambiguity calls policy document that evidence-based to reach conclusions aid containment, risk analysis, structures features deadly fast-spreading disease. study employed negative binomial Poisson regression establish contemporaneous influence capabilities in Africa. Health data from various reports World Organization (WHO) regressed all-share index Development Indicators (WDI) clear line thought. It found confirmed cases attributable deaths are inversely related The findings this show Africa total number deaths. leads assertion capital fast nosediving due global uncertainties caused by pandemic. With no known cure or vaccine procedure discovered yet, uncertainty around novel coronavirus disease will lead approximately 0.56 percentage decrease To end, emphases must be laid identifying including non-traditional sources financing strictly tied projects could encourage institutional investors. therefore equally imperative form formidable integrated among themselves. 
 Keywords: capitalization; pandemic, Regression, poisson, Africa
 JEL Classification: C10, C31, G15, I12