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Botswana comes 88th in Human Capital Index

Publishing Date : 18 May, 2015

Author : VINCENT MATUMO


Botswana has slipped nine places down, from position 79 in 2013, to 88 in the world, in the recent Human Capital Index ratings published by the World Economic Forum. Botswana was beaten by Ghana, Zambia and Egypt with Mauritius topping the continent at 72nd place, but performed better than South Africa who came at position 92.


Botswana’s dearth of skilled employees and its poor ability to nurture talent through educating, training and employing its people has been highlighted in a new index from the World Economic Forum (WEF), which ranks the country 88th out of 124 economies.


In terms of perceptions derived from the business community, the country’s capacity to attract talent and retain it stood at 3, 72 on a scale of 1 to 7 with 1 being the worst end of the scale and 7 being the best. The quality of business, maths and science education scored an average 3,57 on the same scale of 1 to 7.


Out of a tertiary enrolment of 39 900, the business, social sciences and law segment had the most enrolments, of just over 14 900 while those studying agriculture stood at a paltry 831.


The collaboration of universities with business on research and development measures in at 3,17 on a scale of 1 to 7. The unemployment rate stands at 17,6 percent while the percentage of workers in vulnerable employment is 14,8 percent. The services sector is the largest employer sector at 29 percent, with most 9 percent doing sales and clerical work.


 Public spending on education is at 9,4 percent of the GDP while internet access in schools is at 3,44 on a scale of 1 to 7.  


The Index covers 124 countries, representing between them 92 percent of the world’s people and 98 percent of its GDP.


The WEF’s human-capital index ranks economies on how well they are developing and deploying their human capital, and creating workforces which are prepared for the demands of competitive economies.


The WEF’s human capital index for the first time measures whether a country is leveraging or wasting its human potential by looking at the level of education, skills and employment available to people in different age groups.


The index takes a life-course approach to human capital, evaluating the levels of education, skills and employment available to people in five distinct age groups, starting from under 15 years to over 65 years. The aim is to assess the outcome of past and present investments in human capital and offer insight into what a country’s talent base will look like in the future.


Globally, Finland tops the rankings of the Human Capital Index in 2015, scoring 86% out of a possible 100. Norway (2), Switzerland (3), Canada (4) and Japan (5) make up the rest of the top five. They are among a group of only 14 nations that have crossed the 80% threshold.


In addition to the 14 countries that have reached 80 percent human capital optimization.


WEF Executive Chairman Klaus Schwab, was quoted at the launch of the report on Wenesday this week, saying,that talent and not capital, will be the key factor linking innovation, competitiveness and growth in the 21st century.  


The WEF’s Africa forum meets in Cape Town, South Africa, on the first week of June, bringing together the region’s political, business and civil society leaders.

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