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Prepare the vegetables - dicing the onions, chopping the carrots and the cilantro.
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Heat about half the oil in a skillet on medium high heat.
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Add the onions to the skillet and cook until soft - about 10 minutes.
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Add in the sweet paprika and cook through for 2 minutes.
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Add in the red wine vinegar and cook off for a minute.
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Add in the red bell peppers and cook until tender - about 10 minutes.
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Add the carrots, cilantro, sugar and salt and cook for another couple of minutes.
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Let the mixture cool a little.
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Pour the contents into the food processor and pulse until small yet still chunky.
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Add a little more of the oil if the mixture is dry.
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Serve and enjoy!