From the sounds of it, you have plenty of running experience behind you and are likely to have retained a good level of fitness. If your head cold hasn't got to your chest, then you should be OK.
As its Casablanca rather than a local race, I'd still run it - but I'd reduce my target pace by about 1 min a mile (e.g. if you normally run 8 m/m then run it at 9 m/m). If your running better than expected, you can always increase the pace in the second half.
Mind you, I just ran a Half on Sunday after having almost two weeks out with a chest cold that I thought had cleared on the Thursday before. I ended up with my worst ever half time, and really suffered in the last three miles. With hindsight I probably sholdn't have run!