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Afreximbank Barbados Country Brief spotlights market’s economic resilience and reform-driven path for growth

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Growth is forecast at 1.9% in 2026 and 2.3% in 2027, supported by resilient tourism inflows, a strong pipeline of investment projects and targeted government support for households and businesses

CAIRO, Oct. 12, 2026 /PRNewswire-HISPANIC PR WIRE/ — African Export-Import Bank (Afreximbank) (www.Afreximbank.com) has released its latest Barbados Country brief, offering a comprehensive and timely analysis of the island nation’s macroeconomic outlook. The brief explores key regional and international trade dynamics, financial sector developments and debt sustainability trends.

The brief highlights that Barbados has exhibited resilient growth following the Covid-19 pandemic, with GDP growth averaging 5.6% between 2021 and 2026, driven by a robust resurgence in tourism. Growth is forecast at 1.9% in 2026 and 2.3% in 2027, supported by resilient tourism inflows, a strong pipeline of investment projects and targeted government support for households and businesses.

Central to this transformation is Barbados’ IMF-backed Barbados Economic Recovery and Transformation (BERT) programme. The brief notes that the original BERT programme concluded successfully in 2025, with the IMF Executive Board approving a new 36-month precautionary Stand-By Arrangement of USD257 million in June 2026 to support the next phase of structural reform. This reflects the international community’s confidence in Barbados’ policy track record and the market’s commitment to building a resilient and diversified economy.

This brief edition also explores the high-income island nation’s impressive fiscal consolidation. Public debt has declined from 104.1% of GDP at end-FY2023/24 to 96% of GDP at end-March 2026, backed by a primary fiscal surplus of 4.2% of GDP in FY2025/26. The government’s medium-term framework targets sustained primary surpluses of 3.5% of GDP, placing public debt on a firm trajectory towards the 60% of GDP anchor by FY2035/36. The IMF assesses the overall risk of sovereign stress as moderate, reflecting Barbados’ strong and consistent policy track record.

On trade, the brief points to a steadily strengthening external position. Total goods and services trade grew from USD4.1 billion in 2018 to USD5.5 billion in 2024, with further expansion to USD6.3 billion projected in 2026. Barbados’ services balance remains a key pillar of strength, underpinned by tourism inflows that grew 3.7% in the first quarter of 2026, bolstered by a 30% year-on-year jump in cruise ship arrivals.

The brief further highlights developments within Barbados’ deep and diversified financial sector. In June 2026, the Central Bank of Barbados launched BiMPay, a national instant payment system enabling round-the-clock settlements and broadening financial inclusion. This represents the latest in a series of measures to strengthen the efficiency and resilience of the country’s financial infrastructure.

Commenting on the brief, Dr Yemi Kale, Afreximbank’s Group Chief Economist and Managing Director, Research and Trade Intelligence, noted: “The findings highlight Barbados as a dynamic, reform-driven economy whose resilient fundamentals, stable governance and deepening regional ties position it as an increasingly compelling partner for trade finance and development cooperation across the Caribbean.”

Read more about the Afreximbank Country Brief on Barbados https://apo-opa.co/47NXZPE

Distributed by APO Group on behalf of Afreximbank. 

Media Contact: 
Vincent Musumba
Communications and Events Manager (Media Relations)
Email: press@afreximbank.com

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About Afreximbank:
African Export-Import Bank (Afreximbank) is a Pan-African multilateral financial institution mandated to finance and promote intra- and extra-African trade. For over 30 years, the Bank has been deploying innovative structures to deliver financing solutions that support the transformation of the structure of Africa’s trade, accelerating industrialisation and intra-regional trade, thereby boosting economic expansion in Africa. A stalwart supporter of the African Continental Free Trade Agreement (AfCFTA), Afreximbank has launched a Pan-African Payment and Settlement System (PAPSS) that was adopted by the African Union (AU) as the payment and settlement platform to underpin the implementation of the AfCFTA. Working with the AfCFTA Secretariat and the AU, the Bank has set up a US$10 billion Adjustment Fund to support countries effectively participating in the AfCFTA. At the end of December 2025, Afreximbank’s total assets and contingencies stood at over US$48.5 billion, and its shareholder funds amounted to US$8.4 billion. Afreximbank has investment grade ratings assigned by China Chengxin International Credit Rating Co., Ltd (CCXI) (AAA), GCR (A), Japan Credit Rating Agency (JCR) (A-), Moody’s (Baa2) and S&P Global Ratings (BBB+). The Bank is headquartered in Cairo, Egypt. Afreximbank has evolved into a group entity comprising the Bank, its equity impact fund subsidiary called the Fund for Export Development Africa (FEDA), and its insurance management subsidiary, AfrexInsure (together, “the Group”). The Bank is headquartered in Cairo, Egypt.

For more information, visit: www.Afreximbank.com

Dissemination of a CORPORATE NEWS, transmitted by EQS Group.
The issuer is solely responsible for the content of this announcement.

SOURCE Afreximbank

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Renaissance Restoration Deploys Disaster Response Crews to Florida Panhandle After Hurricane Isaias

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As a member of the Coalition of Disaster Responders, Renaissance Restoration has sent IICRC-certified crews and drying equipment to Pensacola, Destin and Panama City Beach to help homeowners and businesses recover from water, storm and mold damage.

PENSACOLA, Fla., Oct. 12, 2026 /PRNewswire-PRWeb/ — Renaissance Restoration, an IICRC-certified water damage and restoration company and member of the Coalition of Disaster Responders (CDR), has deployed crews and equipment to the Florida Panhandle to help residents recover from Hurricane Isaias.

When a storm like Isaias hits, every hour matters. Getting water out quickly is how you prevent further damage.

Hurricane Isaias made landfall near Destin around 8:30 p.m. CDT on Oct. 9, with maximum sustained winds of 105 mph, according to the National Hurricane Center. The storm brought a 102 mph wind gust at Pensacola City Hall, a 116 mph gust near Santa Rosa Sound, and storm surge measured at 5.6 feet above normal high tide in Panama City Beach. Flash flooding spread inland overnight.

“When a storm like Isaias hits, every hour matters,” said Brandon Smith, co-owner of Renaissance Restoration. “Getting water out quickly is how you prevent further damage. Our crews are here to get homes and businesses dried out fast and to help families through the insurance process.”

Renaissance Restoration crews are serving Pensacola, Gulf Breeze, Navarre, Milton, Destin, Fort Walton Beach, Santa Rosa Beach, Panama City and Panama City Beach. Services include emergency water extraction and structural drying, storm and flood damage cleanup, mold inspection and remediation, sewage cleanup, and documentation support for insurance claims.

As a CDR member, Renaissance Restoration works within a nationwide network of restoration contractors, first responders, suppliers and equipment owners organized for large-scale recovery. Members follow shared standards for operations, logistics and communication, so crews from multiple companies can respond across many sites at once.

“Being part of the Coalition means we can bring more people and equipment to the Panhandle, and hold ourselves to a shared standard while we do it,” said Smith.

Renaissance Restoration recommends these steps for Panhandle property owners with storm damage: stay safe by avoiding floodwater, downed power lines and structurally unsafe buildings; photograph and video all damage before moving or discarding anything; contact your insurance company to start a claim as soon as possible; prevent further damage where it is safe, such as covering openings; and start water removal and drying quickly to limit damage and mold growth.

Property owners in Pensacola, Destin, Panama City Beach and surrounding areas can reach Renaissance Restoration 24/7 at (850) 809-3620 or learn more at https://renaissancerestorationservices.com/hurricane-damage-restoration-pensacola-hurricane-isaias/

About Renaissance Restoration: Renaissance Restoration is a family-owned water mitigation and reconstruction company based in Moscow, Tennessee, providing 24/7 emergency service for residential and commercial properties. The company is IICRC certified (#70019341), works directly with insurance carriers and adjusters, and deploys crews to hurricane-impacted regions as a member of the Coalition of Disaster Responders. Learn more at https://renaissancerestorationservices.com

Media Contact

Stephanie Fryns, Renaissance Restoration, 1 8002245102, admin@renaissancerestorationservices.com, https://renaissancerestorationservices.com

View original content to download multimedia:https://www.prweb.com/releases/renaissance-restoration-deploys-disaster-response-crews-to-florida-panhandle-after-hurricane-isaias-302905502.html

SOURCE Renaissance Restoration

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GIFTING MADE EASIER, MORE PERSONAL, AND MORE FUN AT NORDSTROM THIS HOLIDAY SEASON

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Celebrate the Holidays with David Bowie, FAO Schwarz, Nordy, and more gifts than ever before

SEATTLE, Oct. 12, 2026 /PRNewswire/ — Nordstrom is kicking off the holiday season with a celebration of the sounds customers know by heart: the crinkle of wrapping paper, the hum of a full table, and the gasp when the perfect gift is unwrapped.

Those moments start with gifts. Nordstrom is offering more gift choices than ever, with a shopping experience that’s just as convenient in store as it is online. Every store carries thousands of gifts, with expert help close at hand, festive in-store experiences, and new app features that make shopping even more seamless.

This season also brings a special partnership: Nordstrom is partnering with the estate of David Bowie to celebrate his enduring influence on fashion, with his music helping bring the sounds of the holidays to life.

MORE GIFTS THAN EVER BEFORE

The Nordstrom holiday catalog returns this year with more than a thousand must-have gifts. Curated gift guides on every page, plus picks from Nordstrom’s gift experts, make it easy to find something for everyone on the list: kids with big imaginations, the crafty one, the game-night host, the world traveler, the food connoisseur, the David Bowie fan, new parents, pet parents, the trendsetter, and everyone in between.

In honor of Nordstrom’s 125th anniversary, a familiar face returns to the spotlight. Nordy, the beloved character, has been reimagined and is joined by a new sidekick, Disco. Together, the pair bring holiday magic to life everywhere from the pages of the catalog to memorable in-store events.

EXPLORE THE NORDSTROM HOLIDAY 2026 LOOKBOOK AND IMAGE GALLERIES HERE

Holiday Gift Shops and Toys Around Every Corner
The joy of gift giving comes alive the moment customers step into their nearest Nordstrom store, where holiday gift shops are back with an even bigger selection. Whether shopping in store or online, customers can discover thousands of gifts at every price point, from ornaments and stocking stuffers to exclusive beauty sets, standout accessories, pantry items, and tech gear, plus cozy favorites like cashmere, slippers, and pajamas.

Nordstrom is taking toys to the next level this year with a new partnership with FAO Schwarz, the world’s most famous toy store. Customers can shop the selection through FAO Schwarz’s second Manhattan location inside the Nordstrom NYC Flagship, at new jewel box locations in Aventura, Bellevue, Brea Mall, Fashion Valley, Garden State Plaza, NorthPark, Oakbrook, and South Coast Plaza, online, or through a special curation in every Nordstrom store. Alongside must-have brands like Jellycat, Lego, Barbie, Hot Wheels, and more, Nordstrom has toys for every kid on the list.

Bowie80
Coinciding with the holiday season, Nordstrom is celebrating David Bowie’s enduring influence on music and fashion with an exclusive partnership in honor of his 80th birthday year. Bowie80 will come to life through immersive shops at Nordstrom’s Chicago, NYC, and Seattle flagship locations and on Nordstrom.com, featuring exclusive and limited-edition collections from AllSaints, Barbour, Marc Jacobs, Paul Smith, Susan Alexandra, Undercover Jun Takahashi and more. Bowie80 will be available starting in November.  

The iconic sounds of David Bowie will also play a starring role in Nordstrom’s Holiday campaign this year. Set to the sound of Bowie’s iconic hit, “Let’s Dance,” this season’s streaming TV campaign will transport customers to their fondest holiday memories, bringing back the living room stage as the backdrop for a holiday gathering full of music, dance, and gift giving.

VIEW THE HOLIDAY CAMPAIGN HERE

A Gift that Gives Back
Since 2010, Nordstrom has partnered with Shoes That Fit, a national non-profit organization that provides brand-new athletic shoes to children in need, helping them show up, play, and learn with confidence. Together with its customers, Nordstrom has raised more than $10 million and helped provide over 500,000 pairs. This year, Nordstrom aims to raise another $1.7 million – and customers can help reach that goal by purchasing a holiday edition Nordy pin, with net proceeds benefiting Shoes That Fit. A feel-good gift that gives back and a perfect stocking stuffer, the enamel pins will be available in all Nordstrom stores starting November 1.

MORE REASONS TO VISIT NORDSTROM

An Enhanced App Experience
Just in time for the holidays, Nordstrom is launching new app features that make shopping in store and online easier and more personal.

The new In Store mode makes shopping more seamless. An interactive map helps customers find what they’re looking for, from departments to holiday gift shops – while a single scan speeds up order pickup, checkout and returns, now with a one-tap payment using a Nordstrom card. Nordy Club members also get easy access to their Notes and benefits, helping them make the most of every trip.

Customers can start shopping from home with the new AI-powered Request a Look feature, answering a few quick prompts to instantly receive personalized recommendations. For one-on-one help, they can connect with a stylist through the app to review and refine their looks for a complete digital styling experience.

Gifting is also easier with the app’s new Gift Edit feature, which brings the catalog to life with expert commentary behind top gifts. Improved gift filters, including delivery speed, help ensure gifts arrive on time for the holidays. Nordy Club members get free one-to-two-day shipping, and in-store pickup is faster than ever with a four-hour pickup window.

For last-minute gifting and glam needs, Nordstrom will offer same day beauty delivery in more than 15 markets including Los Angeles, New York, Chicago, San Francisco, Miami, and more, starting this month.

Festive Experiences 
Coming to Nordstrom is a holiday tradition for the whole family. Customers of all ages can make memories at one of many festive events this season, like Nordstrom’s Holiday Breakfasts with a delightful holiday menu and special appearances from Santa and Nordy.

Santa returns to all Nordstrom stores this year, where families can take photos — free for Nordstrom cardmembers. Nordy Club members have even more to celebrate with a jam-packed schedule of holiday events, plus special deals and surprises. There’s something for everyone, from holiday Glam-Up Days to Beauty Bashes. Find events near you at Nordstrom.com/festiveexperience.

ABOUT NORDSTROM
At Nordstrom, Inc., we strive to help our customers feel good and look their best. Since starting as a shoe store in 1901, how to best serve customers has been at the center of every decision we make. This heritage of service is the foundation we’re building on as we provide convenience and true connection for our customers. Our interconnected model enables us to serve customers when, where and how they want to shop – whether that’s in-store at nearly 400 Nordstrom, Nordstrom Local and Nordstrom Rack locations or digitally through our Nordstrom and Rack apps and websites. 

For media inquiries contact: 
Julie Ly
Director, Public Relations
Julie.Ly@nordstrom.com

Kacy Galisdorfer
Associate Manager, Public Relations
Kacy.Galisdorfer@nordstrom.com

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SOURCE Nordstrom, Inc.

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California Turns More Green Waste into Compost with Expanded Republic Services Organics Facility

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Keeping organic material out of landfills benefits communities, environment

PHOENIX, Oct. 12, 2026 /PRNewswire/ — Republic Services opened its newly expanded compost facility at Forward Landfill in San Joaquin County, Calif., turning more organic material into compost used throughout California’s agricultural heartland. With additional processing space and upgraded infrastructure, the facility provides increased capacity to recycle food scraps and yard waste from homes and businesses. The project is part of Republic Services’ growing network of organics facilities in California, helping support the state’s robust climate goals.

“Each truckload of food and yard waste that arrives at Forward Landfill is transformed into nutrient-rich compost that supports local farmers, landscapers and even community projects,” said Chris Seney, director of Sustainability Innovation in Organics at Republic Services. “This facility represents composting on a whole different scale, with the technology and capacity to process thousands of tons of material per year.”

For nearly eight decades, Forward Landfill has served communities in California’s Central Valley with reliable and responsible environmental services. The site continues to evolve, with a renewable energy plant, a renewable natural gas facility under development and a compost site that has served customers for years. Today, the compost facility:

Serves thousands of homes and businesses across Northern California.Recycles up to 147,000 tons of material annually.Utilizes the latest technology to speed up the composting process and keep up with greater customer demand.Supports a local circular economy by recycling yard and food waste into compost that’s returned to farmers and residents.

Keeping organic waste out of landfills

Today, 48% of what people dispose of in California landfills is organic waste. That includes 2.5 billion meals worth of unspoiled food a year. When organic materials break down in landfills, the process creates methane emissions that can contribute to climate change.

To help protect air quality and communities, Republic Services is building an innovative portfolio of organics facilities throughout California. This includes:

17 organics facilities, including green waste processing facilities, compost sites and commercial food waste operations.In 2025, 884,000 tons of food and yard waste was processed.

Later this year, Republic Services will open the San Bernadino Sustainability Park, one of the nation’s largest organics facilities, in San Bernardino County, Calif. The facility will have enough capacity to recycle 300,000 tons of food and green waste per year at the start, with room to double.

Cultivating a sustainable future together

Republic Services began planning Forward Landfill’s compost site expansion in 2019. In 2023, Republic Services received $5.1 million through CalRecycle’s Organics Grant Program, which helped support construction, equipment and administrative costs. The grant program is part of CalRecycle’s effort to promote industry investments in clean technologies and reduce greenhouse gas emissions in the state.

“The composting facility upgrade at Republic Services’ Forward Landfill is a powerful example of how local partnerships help California cut pollution, expand organics recycling infrastructure and support a climate-safe future with technology that puts communities first,” CalRecycle Director Zoe Heller said. “A local circular economy in action, this site takes in food and green waste from homes and businesses and returns finished compost back to the community to support soil health, drought resilience and local food production.”

“This $5 million investment is an important step forward for San Joaquin County. By expanding our composting capacity, we’re strengthening essential services, supporting local businesses, and investing in a cleaner, more sustainable future for the communities we serve,” said San Joaquin County Supervisor Mario Gardea.

About Republic Services
Republic Services, Inc. is a leader in the environmental services industry. Through its subsidiaries, the company provides customers with the most complete set of products and services, including recycling, solid waste, special waste, hazardous waste and field services. Republic’s industry-leading commitments to advance circularity and support decarbonization are helping deliver on its vision to partner with customers to create a more sustainable world. For more information, please visit RepublicServices.com.

Media Contact: Media@RepublicServices.com | (480) 757-9770

View original content to download multimedia:https://www.prnewswire.com/news-releases/california-turns-more-green-waste-into-compost-with-expanded-republic-services-organics-facility-302906109.html

SOURCE Republic Services, Inc.

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