Heat lard or oil in medium sauce pan over medium high heat.
Add chopped onions and tomato and sauté until the onions and tomato becomes soft, 3-4 minutes.
Remove pan from heat and mix in paprika and add the whole pepper.
Add cubed beef to onion mixture and stir well to combine. Cook on medium high heat until the beef loses it's color, about 4-5 minutes, then reduce heat to medium low and cover with a lid. Cook for about 2 hours, or until the meat is very tender. Remove hot pepper and discard just before serving.
Serving
This dish can be served with either plain boiled potatoes or pasta garnished with chopped fresh parsley.