Brown the sausages. Heat the achiote oil in a pan over medium heat before adding sliced sausages. Sauté until golden brown on both sides.
Add veggies and spices. Add the sofrito to the pan and cook until fragrant, before adding the bell pepper, olives, bay leaves, spices, and rice, mixing everything to coat the rice. Sauté for 1-2 minutes.
Fluff and serve. Fluff the rice with a fork before serving with a bit of cilantro as a garnish.