OLYMPICS ZAMBIA SECURES HISTORIC HOSTING RIGHTS FOR 2027 AFCON AND 2060 In a momentous turn of events, Zambia has been awarded the honor of hosting two of the world's most prestigious sporting events: the 2027 African Cup of Nations (AFCON) and the 2060 Olympics. The announcement, made by Confederation of African Football (CAF) President Patric Motsepe and Olympic Committee President Thomas Bach, marks a significant milestone in Zambia's sporting history. The decision was unveiled at a joint press conference during the recently concluded Global Sports Leaders Conference held in Livingston Zambia. The bid success can be attributed to the unwavering support and substantial investments from key stakeholders. Major corporations such as Anglo-America konkola Copper Mines (KCM), First Quatum Minerals, Airtel Africa, Standard Chartered Bank, City Bank, HSBC, and British Airways have pledged their financial backing, totaling a staggering $1.5 billion for the AFCON and an impressive $35 billion for the Olympics. These investments are earmarked for the development of state-of-the-art stadiums, infrastructure, accommodations, and various recreational facilities across the country. The AFCON tournament, slated to take place in six cities including Lusaka, Chipata, Ndola, Kitwe, Livingstone, and Solwezi, promises to captivate football enthusiasts from around the continent. Lusaka, the nation's capital, will host the opening matches and the grand finale, showcasing Zambia's passion for the beautiful game. Meanwhile, the Olympics will be centered in Livingstone, the picturesque tourist capital, offering a breath-taking backdrop for the global spectacle. This historic milestone not only brings glory to Zambia but also holds immense economic promise. The construction projects and related developments are poised to generate employment opportunities for over 2 million people, injecting vitality into local economies nationwide. Cornelias Mweetwa, Zambia's Minister of Information and Broadcasting and Chief Government Spokesperson, expressed gratitude to both governing bodies for entrusting Zambia with the responsibility of hosting these prestigious events. Minister Mweetwa highlighted the transformative potential of hosting such monumental tournaments emphasizing their positive impact on Zambia's GDP and the overall quality of life for its citizens and neighbouring countries. He extended heartfelt appreciation to all sponsors for their pivotal role in making this dream a reality. Furthermore, he assured that the government is fully committed to ensuring the success of both events and called upon Zambians and international partners to seize the opportunities for Page 3 of 6investment and collaboration that these events Present. In conclusion, the awarding of hosting rights for the 2027 AFCON and 2060 Olympics represents a triumph for Zambia and a testament to its growing stature on the global stage. As preparations KICK into high gear, the nation eagerly anticipates welcoming the world to witness its rich culture, vibrant hospitality, and unwavering spirit of unity through sports. By Staff Reporter marth-up3 - and margins . REQUIRED Demand, supply, price drimintion, competitive advantage, Two part pricing A) Conduct a cost-benefit analysis of the investments made by the sponsoring corporations for both the AFCON and Olympics tournaments in Zambia. Considering the projected economic benefits and job creation, assess the potential return on investment for each sponsor. How can managerial economics principles help these sponsors optimize their allocation of resources to maximize their returns from this venture? [5 Marks] B) With the significant infrastructure development planned for the AFCON and Olympics, analyze the potential impact on aggregate demand within Zambia's economy. How might the injection of $1.5 billion and $35 billion for the respective tournaments influence consumption, investment, government spending, and net exports? Discuss the implications of this increased aggregate demand on inflation, employment levels, and overall economic stability. [5 Marks] C) Evaluate the opportunity cost for the Zambian government of allocating resources towards hosting the AFCON and Olympics tournaments. Considering the alternative uses of these funds, such as healthcare, education, or infrastructure development in other sectors, discuss the trade-offs involved in pursuing large- scale sporting events as a means of economic development. How can managerial economics frameworks assist policymakers in weighing these trade-offs and making informed decisions to maximize social welfare? [5 Marks] D) Develop a business idea for an investment project that you would institute thanks to the two tournaments been hosted in Zambia? In your response, indicate the idea, its financing plan, employee and organizational structure, marketing and sales plan, possible competitions, its associated risks, and your business model Page 4 of 6which will include projected cash flows and the possible sustainability of the business over the long term? [10 Marks] [Total: 25 Marks] UESTION THREE EQUIRED