19 November 2013

Botswana: Economy Yields Employment - Minister of Finance

press release

There has been net expansion in job numbers, according to the Assistant Minister of Finance and Development Planning, Mr Vincent Seretse. This was despite the challenges the country's economy faced in creating enough employment for its citizenry.

Mr Seretse said government carried an employment situational analysis study to assess the growth and employment nexus in 2012 which identified that the unemployment problem in Botswana was mainly attributed to the increasing labour force.

This, he said was against few employment opportunities created in the capital intensive mining industry as well as insufficient growth in the non-mining sector. The lack of requisite skills to meet job requirements of employers was also identified as one of the major reasons attributed to graduate unemployment, he said.

There has been net expansion in job numbers, according to the Assistant Minister of Finance and Development Planning, Mr Vincent Seretse.

This was despite the challenges the country's economy faced in creating enough employment for its citizenry. Mr Seretse said government carried an employment situational analysis study to assess the growth and employment nexus in 2012 which identified that the unemployment problem in Botswana was mainly attributed to the increasing labour force.

This, he said was against few employment opportunities created in the capital intensive mining industry as well as insufficient growth in the non-mining sector.

The lack of requisite skills to meet job requirements of employers was also identified as one of the major reasons attributed to graduate unemployment, he said.

He said government through various citizen economic empowerment interventions continued to make efforts to equip citizens with the necessary competencies to enable them to take better advantage of economic opportunities presented by the process of economic growth and development.

To this end, he said, a number of programmes and policies such as the Economic Development Drive (EDD), Citizen Entrepreneurial Development Agency (CEDA), Youth Empowerment Scheme (YES) have been implemented with a view to boosting economic activity in the country and creating employment.

As a result, he said average unemployment has reduced from 23.8 per cent recorded in the 2002/03 household income and expenditure survey to 17.8 per cent reported in the 2009/10 Botswana Core Welfare Indicators Survey.

"This reduction in unemployment is a result of both these initiatives and economic development", he said.

He said government through the Ministry of Education and Skills Development continues to operationalize the National Human Resource Strategy. He said the benefits of the strategy will be to help to bring together supply and demand for training, create new opportunities in the training market and support the goal of cost sharing in skills development.

Minister Seretse was responding to a question that was asked by Okavango Member of Parliament Mr Bagalatia Arone who wanted to know what government had done to address the concerns that Botswana's economic growth has not created employment.

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