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From High Finance to Financial Inclusion: Mamadou Kwidjim Toure’s Ubuntu Tribe

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Toure's Ubuntu Tribe

Mamadou Kwidjim Toure structured deals worth over $25 billion during two decades at KPMG, BNP Paribas, and IBM. Then he left it behind to sell gold tokens for 10 cents each.

His company, Ubuntu Tribe, launched its GIFT Gold token in Singapore on October 1. Each token represents one milligram of gold — like splitting a gold bar into 31,000 digital shares — stored in vaults across Switzerland, Germany, Dubai, and Singapore. The product targets people who can’t meet the minimum investments traditional gold dealers require.

The Career That Revealed the Gap

Toure’s work took him across 26 African markets over 20 years. He watched traditional finance serve corporations and governments while ignoring the populations that needed it most. “Traditional gold investment requires thousands of dollars. That excludes 360 million unbanked adults in Sub-Saharan Africa who need protection from currency devaluation most,” Toure said.

That experience showed him a problem banks wouldn’t solve: millions of people locked out of wealth preservation tools while inflation eroded their savings. Ubuntu Tribe emerged from that gap.

How Swiss Vaults Serve the Unbanked

The model addresses a straightforward problem. Gold has climbed roughly 1,000% since 2000, outpacing most emerging market currencies. But traditional dealers require minimum investments that exclude most Africans from accessing that protection.

Ubuntu Tribe uses blockchain to track fractional ownership of physical gold reserves. “When someone buys our GIFT Gold tokens, they’re not betting on algorithms or market sentiment. They’re buying actual gold stored in Swiss vaults, verified by independent auditors,” Toure explained.

The company maintains a Track-n-Trace system that lets anyone with internet access verify reserves in real time. Toure said Ubuntu Tribe selected partners based on traditional finance credentials. “Everything gets published publicly. We chose partners based on their reputation in traditional finance, not crypto,” he said.

Token holders can request physical gold delivery, though the company expects most to keep their holdings digital. The focus on transparency stems from a string of crypto blowups — projects that claimed backing by real assets but folded once auditors found the vaults empty.

Navigating Fragmented Regulation

Ubuntu Tribe falls under the EU’s Markets in Crypto-Assets framework—detailed disclosures, reserve requirements, regular audits. But that regulatory footing stops at Europe’s borders. In Nigeria and Kenya, where Ubuntu Tribe sees its main opportunities, the rules look entirely different.

Toure points to this patchwork as a drag on growth. “Unified standards would let us scale faster, reduce costs, and pass those savings to users.”

The Crowded Race to Tokenize Assets

Ubuntu Tribe isn’t the first to tokenize gold. Established players already offer regulated products in most of major markets. Financial institutions and crypto startups both race to digitize commodities, real estate, and other physical assets.

The company’s success in Africa will depend on whether it can secure regulatory approvals in key markets and convince users to trust that tokens genuinely represent gold reserves. The continent has adopted digital finance before — mobile money moved over $1 trillion in 2024, more than Kenya’s entire GDP, by filling gaps banks left open.

Toure declined to speculate on expansion timelines beyond stating a principle. “Any future expansion would need to serve the same fundamental purpose: protecting purchasing power for people who lack access to traditional wealth preservation tools,” he said.

Credentials Meet Mission

The model combines regulatory compliance, verifiable reserves, and fractional ownership to tackle barriers that have kept gold investment out of reach. Currency devaluation continues to erode savings in markets where formal financial services remain scarce.

Toure’s two decades structuring deals across African markets and Ubuntu Tribe’s early regulatory compliance provide advantages that many tokenization projects lack. Whether those credentials can bridge the gap between high finance and financial inclusion will depend on execution in markets that need the solution most.

The man who once moved billions now focuses on 10-cent tokens. The scale changed. The mission — protecting purchasing power for those traditional finance excluded — stayed the same.

Dipo Olowookere is a journalist based in Nigeria that has passion for reporting business news stories. At his leisure time, he watches football and supports 3SC of Ibadan. Mr Olowookere can be reached via [email protected]

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Church Confirms Release Of 151 Abducted Members in Kaduna

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Cherubim and Seraphim Movement Church Worldwide

By Adedapo Adesanya

The Cherubim and Seraphim Movement Church Worldwide, Ayo Ni O, has confirmed the release and safe return of 151 of its members abducted from Iburu community in Kajuru Local Government Area of Kaduna State.

The abduction, which affected about 177 people, occurred on January 18, 2026. It was initially denied by the Nigeria Police Force and other government agencies, but was later confirmed.

In a statement issued by the Conference Secretary General of the church, Mr Anthony Olusesan Samaiye, it was disclosed that the release of the abducted persons was confirmed through reports from its liaison officers in Kaduna.

According to the statement, Mr Emmanuel Abiodun Adewale Alogbo (JP), described the release as a victory for faith, prayer and dialogue, noting that the breakthrough followed an emergency visit to Kaduna by its leadership and a series of high-level engagements aimed at securing the freedom of the abducted worshippers.

The Cherubim and Seraphim Church expressed gratitude to the Kaduna State government, particularly Governor Uba Sani, for what it described as his commitment to dialogue and the coordination of state resources that contributed to the successful outcome.

Special appreciation was also extended to the Governor’s Chief of Staff, Mr Sani Liman Kila, and the Senior Special Assistant on Religious Affairs (Christian Matters), Mr Ishaya Jangado, for facilitating engagement between the church and the state government.

The church noted that the incident demonstrated the importance of cooperation between religious leaders and government authorities in addressing security challenges and protecting citizens.

It also acknowledged prayers and support from the Christian Association of Nigeria (CAN), the Organisation of African Instituted Churches (OAIC), the international community and Christians worldwide.

While celebrating the release, the church said it was mindful of the trauma experienced by the victims and disclosed that its welfare and medical teams had been mobilised to provide psychosocial support and care to the affected members and their families.

The church called for sustained peace in Kaduna State and across Nigeria, urging authorities to continue efforts to ensure the safety of all citizens, regardless of religious affiliation.

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2027 Elections: I Won’t be Vice Presidential Candidate—Peter Obi Insists

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By Adedapo Adesanya

As activities for the 2027 general elections begin to take shape, the former presidential candidate of the Labour Party in the 2023 presidential poll, Mr Peter Obi, has again ruled out the possibility of contesting as a vice presidential candidate next year, saying he is contesting to be on the ballot.

Speaking ahead of the Abuja Municipal Area Council (AMAC) election in the Federal Capital Territory, he said, “You see this coming election, support us in AMAC; it will help me. Your support in AMAC is critical to our journey. I am involved and contesting the coming election as number one. When I come back, you will see. I assure you.”

Mr Obi vied for the 2023 presidency on the LP platform, emerging third overall behind Mr Atiku Abubakar and President Bola Tinubu.

In December 2025, he defected to the African Democratic Congress (ADC), where his teeming supporters popularly known as Obidients have urged him to only pursue the presidential ticket.

Mr Abubakar, who chose Mr Obi as his vice presidential candidate in the 2019 polls, is also a member of the ADC. The men finished in second and third places, respectively in the last presidential election, which President Tinubu won with 37 per cent of the votes.

Speaking at the campaign venue, Mr Obi emphasised to his supporters the importance of backing the ADC candidate in the AMAC election, noting that their support at the grassroots would go a long way in bolstering his national political journey.

The ADC coalition includes many former allies of Mr Tinubu, including Mr Nasir El Rufai, the former governor of Kaduna State; Mr David Mark, a former Senate President who is serving as the National Chairman of the party, and Mr Rauf Aregbesola, a former Osun Governor and currently the National Secretary of ADC.

The party will be hoping to emulate the success of the ruling All Progressives Congress (APC), which was formed by an alliance of opposition politicians (including Mr Abubakar) in 2013 and caused the ouster of former President Goodluck Jonathan, the first-ever defeat of an incumbent Nigerian president in 2015.

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CPPE Urges FG to Create Farm Price Stabilisation Plan for Food Security

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Price of Food

By Adedapo Adesanya

The Centre for the Promotion of Private Enterprise (CPPE) has called on the federal government to urgently establish a National Farm Price Stabilisation and Farmer Income Protection Framework to safeguard Nigeria’s long-term food security.

This was contained in a policy brief signed by the chief executive of the think tank, Mr Muda Yusuf, on Sunday.

The group warned that while recent import surges have lowered food prices to the delight of consumers, they have simultaneously inflicted severe financial losses on farmers and agricultural investors, creating what it described as “troubling trade-offs and unintended consequences.”

He advised that Nigeria cannot afford a policy regime that undermines confidence in agriculture, one of the country’s most strategic sectors and largest employers of labour.

“The welfare gains from cheaper food have been profound and should be acknowledged. However, the cost to farmers and other investors across the agricultural value chain is equally high and cannot be ignored,” Mr Yusuf stated.

The CPPE boss emphasised the urgent need to strike a sustainable balance between keeping food affordable for consumers and protecting farmers’ incomes, while safeguarding agricultural investment.

According to the policy document, recent import surges of staples such as rice, maize and soybeans have caused serious dislocations in the agricultural investment ecosystem, inflicting severe hardship on farmers and weakening production incentives.

“Although consumers have welcomed the decline in food prices, the long-term consequences are adverse: farmer incomes fall, production declines over time, investment confidence weakens, and the country risks returning to cycles of scarcity and higher prices,” the document warned.

The CPPE identified several structural factors driving recurring farm price collapses in Nigeria, beyond the immediate impact of food imports.

The think tank warned that harvest glut remains a major challenge, with many farmers harvesting the same crops within the same period, causing sudden oversupply. This is compounded by the limited availability of storage facilities, drying centres and cold-chain systems, which forces farmers to sell immediately regardless of market conditions.

The organisation said this is also affected by weak rural logistics, characterised by poor roads, insecurity, high transport costs, and limited aggregation hubs, which make it difficult to move produce efficiently from production zones to high-demand markets.

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