The Warehouse Receipt System was envisaged to address post-harvest management, trading and marketing challenges for agricultural commodities as well as enhance access to credit to the smallholder farmers. The Kenya National Assembly enacted the Warehouse Receipt System Act No. 8 of 2019 in June 2019 which commenced in the same year. The enactment of the Act provides the legal framework for the development and regulation of the Warehouse Receipt System for agricultural commodities produced in Kenya as well as for the establishment of the Council to oversee the operations of the WRS.
In July 2020, the Council was officially inaugurated by the Cabinet Secretary, Ministry of Agriculture and Livestock Development through the Legal Notice No. 3. The Warehouse Receipt System Regulations, 2021 that operationalize the Warehouse Receipt System Act were subsequently gazette in January 2021. Subsequently, the Executive order No. 1 of 2023 transferred the Warehouse Receipt System Council from the Ministry of Agriculture, Livestock and Fisheries (State Department for Crop development) to the Ministry of Industry, Trade and Investments (State Department for Trade).