The 39-year-old leaves the Libyan side after just seven months, having exited amid differences over the club's transfer policy and long-term strategy. As previously reported by the public broadcaster, Mokwena believed promises made regarding recruitment and the club's sporting project could no longer be fulfilled.
Pyramids have tracked Mokwena for the past two years, first expressing interest after his departure from Mamelodi Sundowns and again following his stint with Wydad Athletic Club in Morocco.
Instead, the South African opted for a move to MC Alger, where he guided the club to the top of the Algerian Ligue 1 before leaving months before the season concluded.
Pyramids are expected to officially announce Mokwena's appointment in the coming hours – he replaces Serbian coach Krunoslav JurÄiÄ, who led the club to the 2025 CAF Champions League title and enjoyed further domestic success during his tenure.
Mokwena faces immediate pressure to maintain Pyramids' recent success while competing against Egyptian heavyweights Al Ahly and Zamalek, with expectations remaining high both domestically and on the continent.
The former Orlando Pirates, Chippa United and Mamelodi Sundowns coach is also expected to be given the opportunity to appoint members of his own technical team, continuing a long-standing approach that has accompanied him throughout his coaching career.