In a pot, heat the olive oil over medium heat. Add the chopped onion and bell pepper, and sauté until softened.

Add the minced garlic, cumin, and paprika, and cook for another minute until fragrant.

Stir in the rinsed rice and cook for 2 minutes, stirring frequently.

Add the water and salt, bring to a boil, then reduce heat to low, cover, and simmer for 18-20 minutes or until rice is tender.

Once the rice is cooked, remove from heat and fluff with a fork.

Stir in the drained black beans and mix well. Adjust seasoning if necessary.

Serve warm, garnished with fresh herbs if desired.