1990s in Morocco 1990s in Morocco In the 1990s in Morocco gradual political reforms culminated in the constitutional reform of 1996, which created a new bicameral legislature with expanded, although still limited, powers. Although reportedly marred by irregularities, elections for the Chamber of Representatives were held in 1997. With the death of King Hassan II of Morocco in 1999, the more liberal-minded Crown Prince Sidi Mohammed, who assumed the title of Mohammed VI, took the throne. He has since enacted successive reforms to modernize Morocco, and the country has seen a marked improvement in its human rights record. One of the new king's
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