Cut each bacon slice in half. Wrap each piece around a dried plum and secure with a toothpick. Heat roughly 1-2 tablespoons oil in a large pan over medium-high heat. Cook the plums for 5-8 minutes, turning occasionally, until the bacon is golden on all sides.
Dice the onion and red pepper into small cubes, and mince the garlic clove. Reduce heat to medium. Add the onion, red pepper, and garlic to the pan with the plums and cook for 1-2 minutes. Stir in the tomato paste, season with paprika powder and cayenne pepper, then pour in the broth. Simmer for 2-3 minutes until the sauce reduces slightly. Season to taste with salt and pepper.