Ubuntu Tribe Founder To Discuss The Role Of Blockchain And AI In Africa’s Future At Cryptofest South Africa

Mamadou Kwidjim Toure, founding father of Ubuntu Tribe and acknowledged by Forbes as one in all Africa’s Top 10 Most Influential Men, is scheduled to talk at Cryptofest South Africa, discussing how blockchain and synthetic intelligence might foster inclusive progress, transparency, and sustainable financial growth throughout the continent.

Ubuntu Tribe’s lately revealed Gold for All Report means that tokenized gold has the potential to unlock $50 billion for Africa’s unbanked inhabitants inside 5 years. The report analyzes structural adjustments in international gold markets and highlights Africa’s potential to steer in creating extra clear and accessible monetary techniques.

The report additionally underscores a major problem for the continent: over 400 tonnes of gold, representing greater than 10% of worldwide output, are smuggled out of Africa yearly, an issue described because the “elephant within the gold pipe.” It recommends on-chain traceability to cut back illicit flows and make sure that miners and native economies profit from the continent’s assets.

Mamadou Toure attracts on his intensive expertise in growth finance, having labored for greater than a decade with multilateral establishments in Washington, DC, earlier than founding Ubuntu Tribe. His choice to go away the sector was motivated by a recognition that conventional monetary techniques usually fail to serve the communities they’re supposed to assist.

“I labored in growth finance as a result of I needed to degree the enjoying subject,” stated Mamadou Kwidjim Toure in a written assertion. “But I noticed we have been pushing on a string. The system was designed in a means that perpetuated exclusion. That’s once I knew we would have liked to construct one thing completely different,” he added.

Ubuntu Tribe launched $GIFT Gold to deal with a key problem highlighted in its report: though gold has lengthy been acknowledged as a dependable retailer of worth, buying bodily gold often calls for substantial capital, with a typical gold bar priced at round $65,000. 

GIFT Gold overcomes this barrier by tokenization, the place every token corresponds to 1 milligram of bodily gold held in audited vaults in Zurich, Stuttgart, Copenhagen, and Dubai, with particular person tokens accessible for as little as $0.10, making gold possession accessible to a wider vary of traders. The platform operates beneath European VASP licensing and complies with MiCA rules, with each token backed by allotted, serialized, and insured bodily gold. 

Ubuntu Tribe is a part of the Ubuntu Group of Companies, which has facilitated over $300 million in treasured metals transactions throughout 5 continents within the final ten years.

Mamadou Toure To Highlight Blockchain And AI-Driven Economic Empowerment Across Africa 

At Cryptofest, one in all Africa’s main cryptocurrency and blockchain occasions, Toure will talk about how blockchain and synthetic intelligence can create new pathways for financial progress on the continent, enhancing monetary inclusion, rebuilding belief in techniques, and increasing entry to property and applied sciences historically restricted to rich people and establishments. 

Ubuntu Tribe plans to actively take part in main African fintech and blockchain occasions to increase its presence and foster partnerships throughout the area. The workforce will attend the Africa Stablecoin Summit in Johannesburg (Nov 12–13) to assemble market insights and analyze the native crypto panorama, interact with improvements in fintech and digital transformation at Africa Tech Week in Cape Town (Nov 12–14), and take part in panel discussions and model initiatives at Crypto Fest in Cape Town (Nov 14). Later in November, Mamadou Toure will symbolize Ubuntu Tribe on the G20 / Global Policy House Forum in Johannesburg (Nov 22–23), contributing to high-level discussions with central banks, regulators, and multilateral organizations.

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