The listing of Namibia's leading ICT provider, MTC on the Namibian Stock Exchange (NSX) is anticipated around October. MTC will become the first State-Owned Enterprise (SOE) to be listed on the NSX. According to the Fiscal Strategy for 2021/22 to 2023/2024 Medium Term Expenditure Framework MTC is valued between N$6 billion and N$7,2 billion. It noted that the divestment strategy will inject approximately N$3 billion into Government coffers from the proposed 49% share sale of the company. The expected proceeds from the proposed divestment will be used to fund the budget deficit with 50% of the income, while the remaining 50% will be ring-fenced for productive activities and utilized in a manner that reaps long term benefits for the country, the Finance Minister said. Two years ago, MTC announced that it appointed IJG Securities and PSG Wealth Management (Namibia) as Sponsoring Brokers for the listing project. It added that MTC's listing decision has been motivated to achieve greater operational efficiency, transparency, enhanced operational visibility and achieving liquidity.