John Mangudya Zimbabwe has tightened controls on offshore investments to plug foreign currency leakages after the country lost $1,8 billion in illicit financial flows last year — over a third by individuals. Zimbabwe is in the throes of a cash squeeze after abandoning its hyperinflation-ravaged local currency in 2009 and adopted mainly the US dollar whose supply is limited. Presenting the Monetary Policy last week on Thursday, governor John Mangudya said foreign currency outflows were worsening the already critical liquidity in the economy. RBZ records show that US$684 million was externalized by individuals in 2015 for various for various purposes that include donations, investments and account transfers. Firms externalized US$1, 2 billion in the form of…