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Former President Benjamin Mkapa put up a spirited defence for the decision of his third phase administration to privatise state firms, at a public forum held in Dar es Salaam. He told participants at the fourth Mwalimu Nyerere Professorial chair that the poor performance of the firms was due to bad management, in reaction to accusations directed at him personally from some participants. Mkapa said during his time in office when he decided to adopt the privatisation, some 386 state owned industries were privatised, 180 of which were sold to locals. According to Mr Mkapa, all the 386 companies have since collapsed due to what he termed as bad management.