Heat the olive oil in a large pot on medium heat, then add the ground beef and cook until browned.
Remove extra fat if needed, then add the chopped onion and garlic. Cook until the onion turns soft.
Add the bell pepper and stir for two minutes so it becomes tender.
Sprinkle in the paprika, salt, black pepper, and dried thyme. Stir until the seasoning coats everything.
Pour in the diced tomatoes and beef broth. Let the pot simmer for five minutes.
Add the cooked black eyed peas and mix well. Keep the heat low and let the mixture simmer for ten to fifteen minutes.
Taste and adjust the seasoning. Serve warm with rice, cornbread, or sautéed greens.