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=== First European contact and Portuguese rule (1472–1778) === [[File:1729 West Africa map (Cameroon & Nigeria).jpg|thumb|left|[[Portuguese Empire|Portuguese]] rule in Equatorial Guinea lasted from the arrival of [[Fernão do Pó]] (Fernando Pó) in 1472 until the [[Treaty of El Pardo (1778)|1778 Treaty of El Pardo]]]] The [[Portuguese Empire|Portuguese explorer]] [[Fernão do Pó|Fernando Pó]], seeking a path to India, is credited as being the first European to see the island of Bioko, in 1472. He called it ''Formosa'' ("Beautiful"), but it quickly took on the name of its European discoverer. [[Fernando Pó (island)|Fernando Pó]] and Annobón were colonized by Portugal in 1474. The first factories were established on the islands around 1500 as the Portuguese quickly recognized the positives of the islands including volcanic soil and disease-resistant highlands. Despite natural advantages, initial Portuguese efforts in 1507 to establish a sugarcane plantation and town near what is now Concepción on Fernando Pó failed due to Bubi hostility and fever.<ref>Fegley, Randall (1989). ''Equatorial Guinea: An African Tragedy'', p. 5. Peter Lang, New York. {{ISBN|0-8204-0977-4}}</ref>
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