Youth should be drivers of economy: Schlettwein
09 Dec 2014 17:00pm
WINDHOEK, 09 DEC (NAMPA) In order to become the most competitive economy on the African continent by the year 2030, Namibia need to address several challenges, Minister of Trade and Industry (MTI) Calle Schlettwein says.
Speaking during the Namibia Chamber of Commerce and Industry year-end gala dinner held here on Monday, he said one such problem is access to and quality of education and its relevance for the requirements of the economy.
Namibia is a nation of young people, with a median age of 21 years according to the 2011 census. The youth definitely constitutes an asset compared to the industrialised developed countries with ageing populations, he said.
Youth unemployment remains high at 46.7 per cent, based on the 2013 Labour Force Survey, said Schlettwein, adding that this is mainly due to the skills mismatch between the demand and supply of labour.
He said the female unemployment rate was higher by more than seven percentage points than male unemployment.
What matters for the general competitiveness of the Namibian economy are the affordable, reliability and accessibility of the infrastructure services, such as electricity, water, transport, logistics and information technology, said the minister.