Politics of Morocco new elections, or rule by decree, the only time this happened was in 1965. The King is formally the chief of the military. Upon the death of his father Mohammed V, King Hassan II succeeded to the throne in 1961. He ruled Morocco for the next 38 years, until he died in 1999. His son, King Mohammed VI, assumed the throne in July 1999. Following the March 1998 elections, a coalition government headed by opposition socialist Abderrahmane Youssoufi and composed largely of ministers drawn from opposition parties, was formed. Prime Minister Youssoufi's government is the first government drawn primarily from
Ascend Group launched Ascend Nano in April 2016. It includes a nanofinance and microcredit structure, designed to serve the entrepreneurial grassroots, SMEs and the underserved market. This will be in conjunction with Ascend's portfolio of e-commerce services, as an instant market and marketplace, and includes Nano Factoring to customize lending premium. Ascend Group launched Ascend Capital as a platform for venture capital, investing on tech start-ups that can complement existing ventures and services. Focused mainly on financial technology, e-commerce, CRM, cloud computing and logistics, it actively funds prospects such as SendIt (which is actually party of Ascend Group) to complement its delivery