Mamadou Quigem Tourefounder Ubuntu tribe One of the top 10 most influential men in Africa, according to Forbes, will speak at Cryptofest South AfricaIt will explore how blockchain technology and artificial intelligence can drive inclusive growth, transparency and sustainable prosperity across the continent.
According to the new Ubuntu release Gold report for everyoneSymbolism Gold can Opening $50 billion to those without bank accounts in Africa Within five years. The comprehensive analysis addresses the structural transformation in global gold markets and highlights the importance of Africa’s leadership in creating more transparent and accessible financial systems.
For Africa, the report identifies both crisis and opportunity. More than 400 tons of gold are smuggled out of the continent every year, more than 10% of global production. The report refers to this as the “elephant in the gold pipe” and urges on-chain traceability to reduce illicit flows and return value to miners and local economies.
Touré brings a unique perspective to the conversation. Before founding Ubuntu Tribe, he spent more than ten years in development finance, working with multilateral institutions in Washington, DC. He left the sector after realizing that traditional financial infrastructure often fails the very communities it claims to serve.
“I worked in development finance because I wanted to level the playing field.” Touré said. “But I realized we were putting pressure on each other. The system was designed in a way that perpetuated exclusion. That’s when I realized we needed to build something different.”
Ubuntu Tribe launched $GIFT Gold to address a fundamental problem the report identifies: While gold has served as a store of value for thousands of years, purchasing actual gold typically requires significant capital — a standard gold bar costs about $65,000.
$GIFT Gold breaks this barrier through tokenization. Each token represents one milligram of physical gold stored in audited vaults across Zurich, Stuttgart, Copenhagen and Dubai, with tokens available starting at $0.10. This fractional structure opens up gold ownership to investors at any level.
The platform operates under the European VASP license and complies with MiCA regulations. Each token is backed by allocated, serialized and insured physical gold. The Ubuntu Tribe is part of the Ubuntu family of companies, which has processed more than $300 million in precious metals transactions across five continents over the past decade.
At Cryptofest, one of Africa’s largest cryptocurrency and blockchain conferences, Toure will explore how blockchain and AI can open new opportunities for economic empowerment in Africa, promoting financial inclusion, restoring trust in systems, and enabling broader access to assets and technologies that have historically been concentrated among the wealthy and institutions.
Ubuntu tribe It will actively participate in key FinTech and Blockchain clusters in Africa to strengthen its presence and partnerships across the continent. The team will attend Africa Stablecoin Summit (Johannesburg, 12-13 November) to gather market information and map the local cryptocurrency ecosystem; Participate in Africa Technology Week (Cape Town, 12-14 November) to explore innovations in fintech and digital transformation; And join Crypto Festival (Cape Town, 14 November) to conduct panel discussions and brand activation within the Web3 community. Later in the month, Mamadou Toure will represent the Ubuntu tribe in G20/Global Policy House Forum (Johannesburg, 22-23 November), with a focus on high-level institutional dialogues with central banks, regulators and multilateral organizations.
