The two DFIs signed a Memorandum of Understanding in Washington last week.
The Moringa fund has raised 70% of a €100 million target after getting a commitment from the African Development Bank.
South African pension funds see potential in other African markets.
IFC, the World Bank member, is funding Brazilian agribusiness via a finance intermediary in the country, with $125m in loans and guarantees on offer.
The sale of The Co-operative's farm business exposed increasing demand among the UK pension industry.
Fixed income impact asset manager Community Capital Management has launched a $50m fund to finance sustainable agriculture projects in the US.
Silicon Valley Bank and USDA have lent $91 million to biofuels producer Cool Planet to commercialise its technology.
The New Zealand fund manager attracted commitments from private and institutional capital.
Pulsar Network Capital is talking with high net worth individuals ahead of a first close but will also target family offices and institutional investors.
As the agriculture-focused private equity firm nears full deployment of its third vehicle, it is starting to fundraise for Fund IV.