Add olive oil into a small saucepan.
Heat over a medium heat until hot.

Add finely diced onion into the saucepan.
Cook over a medium heat for 5 minutes, stirring occasionally, until softened.

Add garlic powder, onion powder, cumin, chilli powder, smoked paprika and salt into the saucepan.
Cook over a medium heat for 1 minute stirring constantly.

Add tomato purée into the saucepan.
Cook over a medium heat for 2 minutes, stirring occasionally.

Add cashew nuts and water into the saucepan.
Bring to the boil and reduced the heat.

Simmer for 10 minutes, stirring occasionally.
Remove from the heat and let cool for 5 minutes.

Fit the Knife Blade to the Food Processor attachment.
Add the cooled cashew mixture into the attachment.
Blend until smooth – 2 minutes, speed 1.
Remove the attachment from the machine.
Transfer the mixture into a serving bowl.
Top with green chilli and diced tomato.

Serve
Serve with tortilla chips.