Step 1

Coat the bottom of a large pot with oil and place it over medium heat.

Step 2

When the oil is hot, add the onion and bell pepper. Cook, stirring frequently, until the pepper softens a bit and the onion becomes translucent.

Step 3

Stir in the garlic, cumin, paprika, and oregano. Cook for about 1 minute more, until the mixture becomes very fragrant.

Step 4

Add the broth, rice, beans, and tomato paste. Turn up the heat to high and stir to fully dissolve the tomato paste.

Step 5

Bring the liquid to a boil, and then lower the heat so that it's just at a low simmer.

Step 6

Cover the pot and allow it to simmer for 15 to 20 minutes, until the rice is tender.

Step 7

Remove the pot from the heat and let it sit for 5 minutes with the lid on.

Step 8

Remove the lid and season the rice with salt to taste. Stir in the olives and cilantro.

Step 9

Serve.