Govt Develops Human Capital
Monday, September 22, 2014
Secretary for Finance and economic policy, Taufila Nyamadzabo, says this is part of government’s efforts to invest in human capital development as a strategy for promoting sustainable economic growth. This practice is designed to provide experience in a professional work setting during which the student applies and acquires knowledge and skills, said Nyamadzabo at the Budget Pitso held in Gaborone last week.
In addition, government in partnership with the private sector will continue to foster the development of art, sports and culture to nurture various skills that also have the potential to contribute to economic development and diversification.
Whilst celebrating milestones in inclusivity, with notably P5 billion awarded to vulnerable groups, the report sounds a 'siren' on a dangerous and growing trend: the ballooning use of micro-procurement. That this method, designed for small-scale, efficient purchases, now accounts for a staggering 25% (P8 billion) of total procurement value is not a sign of agility, but a 'red flag'. The PPRA’s warning is unequivocal and must be...