
Parliament passed the Warehouse Receipts Systems Act No. 8 0f 2019 in June 2019, thereby setting out a legal framework for the development and governing of a Warehouse Receipt System in Kenya.
Warehouse Receipt System Council, the body responsible for establishment, maintenance and development of the Warehouse Receipt System for agricultural commodities produced in Kenya was inaugurated on 29th July 2020.
Benefits of the Warehouse Receipt
Reduce post-harvest losses from 40% to 10%. Currently postharvest losses stand at 30 - 40% due to on farm shortage.
Message from the Chairperson
A person intending to operate the business of warehouse storage of agricultural commodities and issuance of warehouse receipts shall apply for a warehouse operator’s license to the County Executive Committee member of a county government. The County Executive Committee member shall, upon being satisfied that the applicant meets the requirements for the issuance of a license, require the applicant to provide a performance bond equivalent to ten per-cent of the value of the commodity that the applicant predominantly stores or intends to store in the warehouse.
Mrs. Jane Mumbi Ngige, Chair
