Heat the extra virgin olive oil in a large pot over medium heat.
Add the diced yellow onion and red bell pepper, sautéing for about 5 minutes until the vegetables are softened and translucent.
Add the ground turkey to the pot, breaking it up with a wooden spoon and cooking until it is browned and no longer pink.
Stir in the minced garlic, chili powder, ground cumin, and smoked paprika, cooking for 1 minute to toast the spices and release their aroma.
Pour in the black beans, kidney beans, tomato puree, and vegetable broth, stirring well to combine all ingredients.
Bring the stew to a gentle boil, then reduce the heat to low and simmer for 15 to 20 minutes until the liquid has thickened and the flavors have melded.
Season with sea salt and black pepper, stirring once more before serving the hearty stew hot in a bowl.